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Metal Stampings, Inc., can purchase a new forging C) machine for $100,000. After 20 years of use the forge should have a salvage value of

Metal Stampings, Inc., can purchase a new forging C) machine for $100,000. After 20 years of use the forge should have a salvage value of $15,000. What

depreciation is allowed for this asset in Year 3 for

(a) MACRS depreciation? (b) straight-line depreciation? (c) double declining balance depreciation?

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