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An equipment for petroleum refining was purchased and placed in service by a large petroleum company. It costs $38000 with a

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Answers * compute the depreciation amount in eighth year & the Brat the end of the fourteenth year of life > A petroleum refiBvi4(ads): The whole cost do machine is recovered in to years and there will be nothing left in 14th year, since the GDS lifeBVLY CADS) Recovered fill byth year = $3,135 xey $43,750 Bv14 = cost - Recovered till syth year .= $50,000-$43,750 = $6,250 i

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