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QUESTION 1 How many years does it take to fully depreciate an asset that is depreciated using the MACRS 5-year class? QUESTION 2 What is
QUESTION 1 How many years does it take to fully depreciate an asset that is depreciated using the MACRS 5-year class? QUESTION 2 What is the book value of a $100,000 MACRS-5 asset after 2 full years? QUESTION 3 What is the capital gain if a $100,000 MACRS-5 asset is sold after 10 full years for $10,000
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