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Briefly describe the depreciation systems (e.g. MACRS) for computing tax depreciation that one may encounter in practice. In addition, identify a benefit derived from the
Briefly describe the depreciation systems (e.g. MACRS) for computing tax depreciation that one may encounter in practice. In addition, identify a benefit derived from the uniformity imposed by the MACRS property recovery period. Please use examples and include any sources that you have used in responding to this topic.
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