Suppose the Cement Company has a mixer that originally cost $100,000. Suppose the mixer is classified as a 3-year MACRS asset, with the MACRS rates:
If the Cement Company sells the mixer at the end of three years for $10,000, recapture of depreciation is closest to:
A) $0.
B) $2,590.
C) $7,410.
D) $10,000.

Question

Suppose the Cement Company has a mixer that originally cost $100,000. Suppose the mixer is classified as a 3-year MACRS asset, with the MACRS rates:
 If the Cement Company sells the mixer at the end of three years for $10,000, recapture of depreciation is closest to:
A) $0. 
B) $2,590. 
C) $7,410. 
D) $10,000.

Quizplus · Accepted Answer

The Answer of Suppose the Cement Company has a mixer that originally cost $100,000. Suppose the mixer is classified as a 3-year MACRS asset, with the MACRS rates:
 If the Cement Company sells the mixer at the end of three years for $10,000, recapture of depreciation is closest to:
A) $0. 
B) $2,590. 
C) $7,410. 
D) $10,000.

Suppose the Cement Company Has a Mixer That Originally Cost