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Swimmers R Us purchased $50,000 of fixed assets. They are classified as a 5-year MACRS asset. The MACRS rates are 20.00%, 32.00%, 19.2%, 11.52%, 11.52%,
Swimmers R Us purchased $50,000 of fixed assets. They are classified as a 5-year MACRS asset. The MACRS rates are 20.00%, 32.00%, 19.2%, 11.52%, 11.52%, and 5.76% for years 1 to 6, respectively. What is the depreciation expense for the third year if the firm applies the new bonus method of depreciation
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