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A 120 metric ton telescoping crane that cost $320,000 is owned by Upper State Power. Salvage is estimated at $75,000. (a) Compare book values for

A 120 metric ton telescoping crane that cost $320,000 is owned by Upper State Power. Salvage is estimated at $75,000. (a) Compare book values for MACRS and standard SL depreciation over a 7-year recovery period. (b) Explain how the estimated salvage is treated using MACRS

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