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A car costs $5000 and has an anticipated $1000 salvage value at the end of its five year depreciable life. Compute the depreciation allowance at

A car costs $5000 and has an anticipated $1000 salvage value at the end of its five year depreciable life. Compute the depreciation allowance at the end of year 3 using MACRS (assume a 5 year property class).

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