Economics 939/1r Book Depreciation Methods & Tax Depreciation Methods The \"Can't Believe It's Edible!\" pastry co. purchased a 1999, thrice refurbished, pastry oven in 2004 for $15,700. The sales representative from the warehouse, right up the road, promising it was a fantastic deal to bundle installation and delivery; offered to deliver and install the oven for only an additional S7300 which the company immediately took them up on. The hopeful life of the oven under the premise of "3rd time's the charm", is 10 years, but will follow a depreciation of MACRS 7 year property class. What is the cost basis of this oven and what will the depreciation allowance be over the seven yearpenod