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Bernstein Tractor Company has just invested in new equipment costing $12,000. The equipment falls in the five-year property class for cost recovery (depreciation) purposes. What
Bernstein Tractor Company has just invested in new equipment costing $12,000. The
equipment falls in the five-year property class for cost recovery (depreciation) purposes.
What depreciation charges can it claim on the asset for each of the next six years? Using the MACRS Property class depreciation rates you need to select your answer each year.
4th year: ?
2nd year: ?
3rd year: ?
1st year: ?
6th year: ?
5th year:?
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