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An IT firm purchases $50,000 worth of hardware. The hardware will operate for seven years and has a salvage value of $3,000. Using the MACRS

An IT firm purchases $50,000 worth of hardware. The hardware will operate for seven years and has a salvage value of $3,000. Using the MACRS method, determine the depreciation in the fourth year.

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The correct MACRS depreciation rate for year 4 of a 7year recovery period is 2449 acc... blur-text-image

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