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1. What is the amount of the depreciation expense for the fourth year for this company if it just purchased some fixed assets classified as

1. What is the amount of the depreciation expense for the fourth year for this company if it just purchased some fixed assets classified as 5-year property for MACRS? The assets cost $15,000. MACRS 5 yr property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76%

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