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Under MACRS, assets are divided into specific classes such as 3-year, 5-year, 5-year, 7-year, and 39-year property. a) True b) False

image text in transcribed Under MACRS, assets are divided into specific classes such as 3-year, 5-year, 5-year, 7-year, and 39-year property. a) True b) False

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