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A barn that cost $ 4 7 , 0 0 0 to construct is placed in service midyear as a 2 0 - year property.

A barn that cost $47,000 to construct is placed in service midyear as a 20-year property. What is the MACRS depreciation for year 1?
Click the icon to view a table of MACRS rates.
MACRS Table
The year 1 depreciation is $,(Round to the nearest cent as needed.)
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