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1. What is the depreciation deduction, using each of the following methods, for the second year for an asset that costs $40,000 and has an

1. What is the depreciation deduction, using each of the following methods, for the second year for an asset that costs $40,000 and has an estimated MV of $5,000 at the its seven-year useful life? Assume its MACRS class life is also seven years. (a)SL, (b) 200% DB, (c)GDS (MARCS), and (d) ADS (MACRS)

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