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A Company placed into service a forklift in 2018 which costs $20,000; assume 7 year life. Using MACRS show the depreciation for 2018, 2019 and

A Company placed into service a forklift in 2018 which costs $20,000; assume 7 year life. Using MACRS show the depreciation for 2018, 2019 and 2020. Show the adjusted basis after the 2020 depreciation.

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