50. Deerfield Company had the following information for one of its items of Agricultural equipment as of January 1, 2012. Cost .$525,000 Estimated Economic (Useful) Life... ..4 years Estimated Salvage Value ... ..$15,000 What is the MACRS asset class life? Tables are included at the end of this test. a. 3 years c. 5 years d. 7 years b. 4 years 50. Deerfield Company had the following information for one of its items of Agricultural equipment as of January 1, 2012. Cost .$525,000 Estimated Economic (Useful) Life... ..4 years Estimated Salvage Value ... ..$15,000 What is the MACRS asset class life? Tables are included at the end of this test. a. 3 years c. 5 years d. 7 years b. 4 years