Capital Foods purchased an oven 5 years ago for $45.000. Theoven is being depreciated over its estimated 10-year life usingthe straight-line method to a salvage value of$5,000. Capital isplanning to replace the oven with a more automated one thatwill cost $150,000 installed. If the old oven can be sold for$30.000.what is the tax liability

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10-06-2024
Business

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Capital Foods purchased an oven 5 years ago for $45.000. Theoven is being depreciated over its estimated 10-year life usingthe straight-line method to a salvage value of$5,000. Capital isplanning to replace the oven with a more automated one thatwill cost $150,000 installed. If the old oven can be sold for$30.000.what is the tax liability

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