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A used drill press costs $55,000, and delivery and installation charges add $5000. The salvage value after 8 years is $15,000. Compute the accumulated depreciation

A used drill press costs $55,000, and delivery and installation charges add $5000. The salvage value after 8 years is $15,000. Compute the accumulated depreciation through Year 4 using (a) 7-year MACRS depreciation.

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