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3. A firm purchased and put in service a new piece to manufacture reusable rockets. The cost basis for the equipment is $250,000. Tabulate annual
3. A firm purchased and put in service a new piece to manufacture reusable rockets. The cost basis for the equipment is $250,000. Tabulate annual depreciation deductions and book values for each year using GDS method. Class life = 10. GDS^b = 7. ADS = 10.
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