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Show work by hand Determine the depreciation deduction for the fourth year for an asset with a cost basis of $50,000 and market value of

Show work by hand

Determine the depreciation deduction for the fourth year for an asset with a cost basis of $50,000 and market value of $15,000 at the end of its ten-year useful life. Use the GDS (MACRS) and ADS (MACRS) methods to calculate the depreciation.

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