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Problem E: You purchased a 7 year MACRS asset that cost $100,000 and has a salvage value of S10,000 18. What is the depreciation expense

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Problem E: You purchased a 7 year MACRS asset that cost $100,000 and has a salvage value of S10,000 18. What is the depreciation expense for the year? a. $7,145 b. S12,861 c. $14,290 d. $22,041

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