6. 12.25 A company report stated that a $140,000 asset purchased 3 years ago has a current...

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6. 12.25 A company report stated that a $140,000 asset purchased 3 years ago has a current MACRS book value that is 57.6% of the asset’s basis.

(a) Determine the recovery period used.

(b) Determine the depreciation next year using the VDB spreadsheet function.

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