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Problem 8-7 Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) Calculate the following: Click here to access the various depreciation tables. If required, round your

Problem 8-7 Modified Accelerated Cost Recovery System (MACRS) (LO 8.2)

Calculate the following:

Click here to access the various depreciation tables. If required, round your final answers to the nearest dollar. If your answer is zero, enter "0".

a. The first year of depreciation on a residential rental building that cost $250,000 purchased June 2, 2020.

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