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An asset is purchased for $90,000 with the intention of keeping it for 10 years, but is sold at the end of year 3. A

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An asset is purchased for $90,000 with the intention of keeping it for 10 years, but is sold at the end of year 3. A total of $30,000 was borrowed money that was to be repaid over three years with equal annual payments, including principal and interest. What is the loan interest rate? What is the income tax rate? What is the MACRS property class? Determine the value of the entries in the Bold Bordered calls

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