In 2012, three assets were purchased and placed in service by a firm: Compute the depreciation allowances
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Compute the depreciation allowances for each asset.
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Date Placed in MACRS Asset Type Machine tools CNC machine Service Cost Base Property Class March 17 May 25 June 19 $5,000 $125,000 $335,000 3 years 7 years 39 years Warehouse
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