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Sarah Jarala recently purchased an asset that she intends to use for business purposes in her small Iceland Tourism business. The asset has MACRS class

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Sarah Jarala recently purchased an asset that she intends to use for business purposes in her small Iceland Tourism business. The asset has MACRS class life of 5 years. Sarah purchased the asset for $85,000 and uses a salvage value for tax purposes of $15,000 (when applicable). Also, the ADR life of the asset is 8 years. (a) Using MACRS depreciation, what is the book! #alue after 4 years? (b) Using MACRS depreciation, what is the depreciation for the 6th year? (@) Using MACRS depreciation, what is the book! value after 8 years? (d) Using MACRS depreciation, what is the book value after 2 years? (e) Using MACRS depreciation, what is the sum of the depreciation charges through the 5th year? Using straight-line depreciation (with no half year convention), what is the book value after the 3rd year? (8) Using straight-line depreciation (with no half- year convention). what is the book value after the 8th year

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