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CHAPTER 11: QUESTION 2 Previous An asset falling under the MACRS five-year class was purchased three years ago for $200,000 (its original depreciation basis). Calculate

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CHAPTER 11: QUESTION 2 Previous An asset falling under the MACRS five-year class was purchased three years ago for $200,000 (its original depreciation basis). Calculate the cash flows if the asset is sold now at $60,000. $

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