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1.       Acme Company acquired equipment for a price of 200,000 dollars. The accumulated depreciation through the current year was 120,000 dollars. The company sold the equipment for 50,000 dollars. What is the gain or loss on the transaction and what portion is subject to recapture?

 

Jun 17th, 2015

Thank you for the opportunity to help you with your question!

$200,000-$120000=$80000

$80,000-$50,000=$30000    net loss of the transaction


 

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Jun 17th, 2015

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Jun 17th, 2015
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Jun 17th, 2015
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