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ABC Company purchased several machines at a total cost of $700,000. The installation cost for this equipment was $50,000. The firm plans to depreciate the

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"ABC" Company purchased several machines at a total cost of $700,000. The installation cost for this equipment was $50,000. The firm plans to depreciate the equipment using the MACRS 5-year normal recovery period. What is the value of depreciation expense in year 5

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