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Calculate the depreciation for the third year based on the rates given in the following table. The asset price (or cost) - $24,000 (hint refer

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Calculate the depreciation for the third year based on the rates given in the following table. The asset price (or cost) - $24,000 (hint refer to chapter 12 case study) MACRS 5-year property Year Rate 1 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 2 3 5 6 $2,243 $2,09 $2,675 $4,608

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