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The Stevie Ray Vaughan company has been straight-line depreciating a CNC router it bought for $500,000 with a depreciable life of eight years and assuming it would get a salvage value of $20,000. After three years, the router was sold for 60% of its original purchase price. From a tax perspective, state below whether this sale represents a type of recaptured depreciation, loss, or capital gain. Also state below how much, to the closest dollar, is the recaptured depreciation, loss, or capital gain.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92331552

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