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3 votes
A stamping machine is classified as seven-year macrs property. the cost basis for the machine is $120,000 and the expected salvage value is $10,000 at the end of 12 years. what is the value at the end of three years for tax purposes?

User Okawei
by
8.7k points

1 Answer

4 votes
$10,000*(12-3)=$90,000
That value would be $90,000
User Delcon
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