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A piece of office equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end of the recovery period. Using

A piece of office equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end of the recovery period. Using excel, prepare a depreciation schedule for the piece of equipment using ONLY the straight line method with a recovery period of _____ years. For tax purposes, the IRS has stated this specific piece of equipment has a standard recovery period of how many years?

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