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A large profitable corporation purchased a small jet plane for use by the firm's engineers. The plane cost exist1, 700,000. Use Tables 11-2 and 11-3

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A large profitable corporation purchased a small jet plane for use by the firm's engineers. The plane cost exist1, 700,000. Use Tables 11-2 and 11-3 in the text or slides. Compute the depreciation for year 2 using MACRS. exist536, 968 exist544,000 exist755, 650 exist326, 400

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