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Question 19 3.34 pts Megan's sole purchase of depreciable business property for the year is a piece of equipment on January 1 for $60,000. She

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Question 19 3.34 pts Megan's sole purchase of depreciable business property for the year is a piece of equipment on January 1 for $60,000. She elects to utilize double declining balance (MACRS) depreciation. The equipment has a 5 year useful life and a salvage value of $10,000. What is her depreciation expense for the year? O $10,000 $12,000 $0 O $5,000

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