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8. An asset is purchased for $250,000. The asset is depreciated using MACRS depreciation and a five year recovery period. At the end of the

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8. An asset is purchased for $250,000. The asset is depreciated using MACRS depreciation and a five year recovery period. At the end of the fourth year of use the business changed its product mix and disposed of the asset. Find the depreciation allowed in the third year

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