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2. A company purchases new cement manufacturing assets that cost $15 million. This is classified in the 15-year property class using MACRS-GDS. What would be

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2. A company purchases new cement manufacturing assets that cost $15 million. This is classified in the 15-year property class using MACRS-GDS. What would be the depreciation allowance and book value at the end of years 1 and 3 using MACRS with 50% bonus depreciation? a) Depreciation allowance at the end of year 1: [5pts] Final answer: f) Book value at the end of year 1:[5pts] Final answer: Depreciation allowance at the end of year 3 : [5pts] Final answer: Book value at the end of year 3:[5pts] Final

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