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A large profitable corporation purchased a small jet plane for use by the firm's engineers. The plane cost $1,500,000. 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 $1,500,000. Use Tables 11-2 and 11-3 in the text or slides. Compute the depreciation for year 2 using MACRS. $480,000 $477,715 $367,350$288,000

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