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QUESTION
A firm purchases an asset falling into the 3-year MACRS category for $78,000. The second year's depreciation expense for this asset would be?
A firm purchases an asset falling into the 3-year MACRS category for $78,000. The second year's depreciation expense for this asset would be? (Use Table 12-9 on page 383 to solve. Show all work/calculations/formulas)
