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A firm purchases an asset falling into the 3-year MACRS category for $48,000. The second year's depreciation expense for this asset would be Multiple Choice

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A firm purchases an asset falling into the 3-year MACRS category for $48,000. The second year's depreciation expense for this asset would be Multiple Choice The answer cannot be determined without knowing second-year earnings before depreciation and taxes. $21,360 O $16,000 O $34.710

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