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1. ABC Corporation purchased a new computer system for $56,000 in 2000. The computer is classified as a seven- year property. What is the depreciation

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1. ABC Corporation purchased a new computer system for $56,000 in 2000. The computer is classified as a seven- year property. What is the depreciation allowance for each year if: a. Straight-line depreciation method is used? b. MACRS depreciation method is used

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