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A large profitable corporation purchased a small jet plane for use by the firm's engineers. The plane cost $2,200,000 Use Tables 11-2 and 11-3 in

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A large profitable corporation purchased a small jet plane for use by the firm's engineers. The plane cost $2,200,000 Use Tables 11-2 and 11-3 in the text or slides. Compute the depreciation for year 2 using MACRS. $977,900 $511,401 $422,400 $704,000

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