Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 35

Sunnen Products Co. of St. Louis, Missouri, makes actuator hones for gas meter tubes where light-duty metal removal is needed. The company purchased land, a building, and two depreciable assets from MPG Automation Systems Corporation, all of which have recently been disposed of. Use the information shown to determine the presence and amount of any depreciation recapture, capital gain, or capital loss.