Contemporary Engineering Economics 6th Edition by Chan Park

تمرين 41

You purchased a lift truck which cost $50,000 four years ago. At that time, the truck was estimated to have a service life of eight years with a salvage value of $5,000. These estimates are still good. The property has been depreciated according to a five-year MACRS property class. Now (at the end of year 4 from purchase), you are considering selling the truck for $20,000. What book value should be used in determining the taxable gains