(Solution) - A few years ago Largo Industries implemented an inventory audit -(2025 Original AI-Free Solution)

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A few years ago, Largo Industries implemented an inventory auditing system at an installed cost of $175,000. Since then, it has taken depreciation deductions totaling $124,250. What is the system?s current book value? If Largo sold the system for $110,000, how much recaptured depreciation would result?