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Use MACRS 7 year property class. Find the depreciation for year 2. The equipment was purchased for $20,000. Salvage value is assumed to be $3,000

Use MACRS 7 year property class. Find the depreciation for year 2. The equipment was purchased for $20,000. Salvage value is assumed to be $3,000 at the end of its useful life. The useful life is assumed to be 2 years 7

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