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What is the Modified Accelerated Cost Recovery System (MACRS) recovery period for a filing cabinet used in the office of a tax preparation business? a.

What is the Modified Accelerated Cost Recovery System (MACRS) recovery period for a filing cabinet used in the office of a tax preparation business?

a. 3 years.

b. 5 years.

c. 7 years.

d. 9 years.

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