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Suppose that on 1 August you purchased a $30,000 vehicle with an expected 7 year lifetime and a salvage value of $3,000. Compare the straight

Suppose that on 1 August you purchased a $30,000 vehicle with an expected 7 year lifetime and a salvage value of $3,000. Compare the straight line and the MACRS methods of depreciation by constructing a graph showing the book value at the end of each year, according to each method. Include example calculations that describe how you arrived at your answers, and units on each axis of your graph.

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