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A startup company purchases and installs an essential system for $200,000. The system is classified as MACRS 7-year property. It's useful life is 10 years.

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A startup company purchases and installs an essential system for $200,000. The system is classified as MACRS 7-year property. It's useful life is 10 years. The estimated salvage value at the end 10 years is $25,000. Using straight-line depreciation, compute the first-year depreciation. $17,500.00 $25,871.43 $20,300.00 $25,010.05

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