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A new piece of equipment is purchased for $15,000. The expected lifetime of the asset is five years. Which depreciation method depreciates exactly
A new piece of equipment is purchased for $15,000. The expected lifetime of the asset is five years. Which depreciation method depreciates exactly 3,000 each year? It would be Straight-line, Modified Accelerated Cost Recovery System (MACRS), Activity Method or Accelerated depreciation. I can be wrong but I think is MACRS.