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A milling machine costs $8000, and it will be scrapped after 10 years. Compute the book value and depreciation for the first two years using:

A milling machine costs $8000, and it will be scrapped after 10 years. Compute the book value and depreciation for the first two years using:

(a) MACRS.
(b) Straight-line depreciation.
(c) Double declining balance depreciation.
(d) SOYD depreciation.

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