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The company purchased a ship for $850,000. The ship has an estimated residual value of $100,000. Compute the amount of MACRS depreciation deduction for the
The company purchased a ship for $850,000. The ship has an estimated residual value of $100,000. Compute the amount of MACRS depreciation deduction for the first two years of the life of the ship.
Depreciation expense this year?
Depreciation expense next year?
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