Business, 25.11.2019 21:31 kayliebush2709

An oil reﬁnery has decided to purchase some new drilling equipment for $550,000. the equipment will be kept for 10 years before being sold. the estimated sv for depreciation purposes is to be $25,000. if sl depreciation is used and the equipment is sold for $35,000 at the end of 10 years, the taxable gain on the disposal of the equipment is: ( show excel work,
a. $35,000
b. $25,000
c. $15,000
d. $10,000

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An oil reﬁnery has decided to purchase some new drilling equipment for $550,000. the equipment will...