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14 points) Listen How many years does it take to depreciate a piece of equipment with a five-year recovery period and 7 years useful life

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14 points) Listen How many years does it take to depreciate a piece of equipment with a five-year recovery period and 7 years useful life using MACRS? Why does this happen? none of the above 5 years: MACRS convention 6 years: half year convention 7 years; straight line convention

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