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CHAPTER 10 STRAIGHT LINE VS. MACRS MACHINE DEPRECIABLE BASIS LIFE (YEARS) DATE PLACED IN SERVICE SALVAGE VALUE 552,000 DATE SOLD MAY 1ST, 01 SALES PRICE

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CHAPTER 10 STRAIGHT LINE VS. MACRS MACHINE DEPRECIABLE BASIS LIFE (YEARS) DATE PLACED IN SERVICE SALVAGE VALUE 552,000 DATE SOLD MAY 1ST, 01 SALES PRICE JAN 1ST, YEAR 4 241,500 PREPARE THE TAX BASIS JOURNAL ENTRY UPON SALE ASSUMING MACRS DEPR (A)

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