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QUESTION
A project requires$361,521of equipment that is classified as7-year property.What is the depreciation expense in Year 5given the following MACRS...
A project requires$361,521of equipment that is classified as7-year property.What is the depreciation expense in Year 5given the following MACRS depreciation allowances,starting with year one:14.29,24.49,17.49,12.49,8.93,8.92,8.93, and 4.46percent?
Enter your answer rounded off to two decimal points.Do not enter$or comma in the answer box.For example,if your answer is $12.345then enter as 12.35in the answer box.
