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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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