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In 2019, Canes Inc. purchased equipment classified as 5 Year property. The cost of the equipment is $80,000 and the salvage value is $5,000. What

In 2019, Canes Inc. purchased equipment classified as 5 Year property. The cost of the equipment is $80,000 and the salvage value is $5,000.

What is the MACRS Depreciation for Year 1?

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