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Compute MACRS depreciation for the following assets for the years 2020. Assets Cost Salvage value Year Purchased Business Furniture $85,500 $10,000 March 2019 Business Computer

Compute MACRS depreciation for the following assets for the years 2020. Assets Cost Salvage value Year Purchased Business Furniture $85,500 $10,000 March 2019 Business Computer $14,000 $1,000 May 2019 Residential rental bldg $150,000 $10,000 January 2019

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