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A new $150,000 personal property asset is to be depreciated using MACRS over 7 years. The salvage value is expected to be $10,000. a)
A new $150,000 personal property asset is to be depreciated using MACRS over 7 years. The salvage value is expected to be $10,000. a) Compare the book values for MACRS depreciation and standard SL depreciation over 7 years. b) Plot the book values using a spreadsheet. c) Explain how the estimated salvage is treated using MACRS.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
26th edition
128574361X, 978-1305446052, 1305446054, 978-1285743615
