Depreciation before selling

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Alice acquired a $100,000 business machine and deducted $70,000 depreciation before selling it for $80,000. What is the overall gain and what is the amount of the recapture?

Reference no: EM13922469

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Depreciation before selling : Alice acquired a $100,000 business machine and deducted $70,000 depreciation before selling it for $80,000. What is the overall gain and what is the amount of the recapture.

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