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On 6/14/2013, Jack paid $105000 for a property. On 8/2/2015, he sold the property. Compute the MACRS depreciation. He used this property in his company
On 6/14/2013, Jack paid $105000 for a property. On 8/2/2015, he sold the property. Compute the MACRS depreciation. He used this property in his company during this time period.
Note: recovery period is 20 years.
Note: Find the depreciation (in dollars) for each year from 2013 to 2015, separately.
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