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Depreciation is expressed as a percent of the asset's cost. These schedules are based on the IRS publication 9 4 6 . How to Depreciate

Depreciation is expressed as a percent of the asset's cost. These schedules are based on the IRS publication 946. How to Depreciate Property
and other details on depreciation are presented later in the chapter. Note that five-year depreciation actually carries over six years because the
IRS assumes purchase is made in midyear.
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