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Betty purchases a used $12,000 car in 2017, to use exclusively in her business. a. What will the standard MACRS depreciation schedule be for the
Betty purchases a used $12,000 car in 2017, to use exclusively in her business. a. What will the standard MACRS depreciation schedule be for the 6 years the auto is depreciated (no bonus expense)? Year 1: Year 2: Year 3: Year 4: Year 5: Year 6: b. If Betty holds the car until it is fully depreciated, and uses straight-line depreciation, how many years will this take
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