An asset has a cost of $100,000. It is to be depreciated using 3-year – InterviewSolution

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1.	An asset has a cost of $100,000. It is to be depreciated using 3-year MACRS depreciation rates. The life of the asset is 3 years. The asset can be sold for $5,000 at the end of its life. Calculate the amount of profit or loss on the sale of the asset. A. Loss of $4,000 B. Loss of $2,410 C. Profit of $5,000 D. Profit of $2,410
Answer» d is CORRECT. okkkkkkbbdjxbxbxhzkxj

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