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If your company purchases some new production equipment, with a cost of $120,000 and installation costs of $5,000, what is the final year's depreciation expense

image text in transcribed If your company purchases some new production equipment, with a cost of $120,000 and installation costs of $5,000, what is the final year's depreciation expense under the 5-year MACRS table? Round your answer to the nearest dollar

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