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What is the depreciation deduction, using each of the following methods, for the second year for an asset that costs $31,000 and has an estimated
What is the depreciation deduction, using each of the following methods, for the second year for an asset that costs $31,000 and has an estimated MV of $6,000 at the end of its six-year useful life? Assume its MACRS class life is also six years. (a) 200% DB, (b) GDS (MACRS), and (c) ADS (MACRS) Click the icon to view the summary of the principal features of GDS under MACRS Click the icon to view the GDS Recovery Rates (R). a. Using the 200% DB method the depreciation deduction for the second year is $ nearest dollar.) (Round to the
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