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Question 28 On January 1, 2017, Swifty Corporation purchased a machine costing $355000. The machine is in the MACRS 5-year recovery class for tax purposes
Question 28 On January 1, 2017, Swifty Corporation purchased a machine costing $355000. The machine is in the MACRS 5-year recovery class for tax purposes and has an estimated $74000 salvage value at the end of its economic life. Assuming the company uses the optional straight-line method, the amount of MACRS deduction for tax purposes for the year 2017 is $71000 $28100 o $35500 O $56200. Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER SUBMIT
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