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Milliken uses a digitally controlled dyer for placing intricate and intergrated patterns on manufactured carpet squares for home and commercial use. It is purchased for
Milliken uses a digitally controlled dyer for placing intricate and intergrated patterns on manufactured carpet squares for home and commercial use. It is purchased for $350,000. It is expected to last 8 years and have a salvage value of $30,000. Its MACRS Property Class is 5-year property. Determine the depreciation deduction and the resulting unrecovered investment (adjusted basis) during each year of the assets life using MACRS-GDS depreciation.
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