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New equipment for manufacture of carpets with a cost basis of $600,000 is being depreciated using the MACRS-ADS. The asset will be sold in year

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New equipment for manufacture of carpets with a cost basis of $600,000 is being depreciated using the MACRS-ADS. The asset will be sold in year 3 Click the icon to view the partial listing of depreciable assets used in business. Calculate the depreciation for the asset in year 1 . A. $133,333 B. $33,333 C. $66,667 D. $120,000 E. $60,000 More Info

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