A 150000 asset has been depreciated with the straight-line, Ask an Expert

Economics

A $150,000 asset has been depreciated with the straight-line method over an 8-year life. The estimated salvage value was $30,000. At the end of the 5th year the asset was sold for $90,000. From a tax perspective, What is happening at the time of disposal, and what is the dollar amount?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92638201

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