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A small business purchases some office furniture for $42000 and will sell it for an estimated $6000 in 5 years. (Replace them with new furniture)

A small business purchases some office furniture for $42000 and will sell it for an estimated $6000 in 5 years. (Replace them with new furniture)

Complete problems 1-4 below.

3 (10 points). Calculate the 4th year depreciation amount, using DDB depreciation.

4 (10 points). Calculate the 5th year depreciation amount, using MACRS depreciation.

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