During an audit of abc company an irs agent could not find, Ask an Expert

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During an audit of ABC company an IRS agent could not find the receipt showing the cost basis of an industrial oven. However there are documents indicating that ABC used a six year straight line depreciation based on an expected $85,000 salvage value & that they took an annual depreciation charge of $105,000. State here below the book value of the oven after 3 years.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92344278

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