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Concord Corporation purchased an asset at a cost of $47,000 on March 1, 2017. The asset has a useful life of 8 years and a

Concord Corporation purchased an asset at a cost of $47,000 on March 1, 2017. The asset has a useful life of 8 years and a salvage value of $3,790. For tax purposes, the MACRS class life is 5 years. Compute tax depreciation for each year 2017-2022.

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