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A firm purchases an asset falling into the 3 -year MACRS category for $78,000. The second year's depreciation expense for this asset would be: A

A firm purchases an asset falling into the 3 -year MACRS category for $78,000. The second year's depreciation expense for this asset would be: A - $34,710 B - $78,000 C - cannot be determined without knowing second-year earnings before depreciation and taxes

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