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The Mason Falls Mfg. Company just acquired a depreciable asset this year, costing $500,000. Furthermore, the asset falls into the 7-year property class using the

The Mason Falls Mfg. Company just acquired a depreciable asset this year, costing $500,000. Furthermore, the asset falls into the 7-year property class using the MACRS. a. Using the MACRS, compute the annual depreciation.

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