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6. Calculating Depreciation [L01] A piece of newly purchased industrial equip- ment costs $1,375,000 and is classified as seven-year property under MACRS. Cal- culate the

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6. Calculating Depreciation [L01] A piece of newly purchased industrial equip- ment costs $1,375,000 and is classified as seven-year property under MACRS. Cal- culate the annual depreciation allowances and end-of-the-year book values for this equipment

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