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Golden Rule Oil just purchased some equipment at a cost of $75,000. Compute the depreciation expense for year 2 if the equipment is classified as

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Golden Rule Oil just purchased some equipment at a cost of $75,000. Compute the depreciation expense for year 2 if the equipment is classified as 5-year property for MACRS? MACRS 5-year property Year Rate 20.00% 32.00% 3 19.20% 4 11.52% 5 11.52% 5.76%

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