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Business, 30.05.2020 20:04 Jasten

On January 1, 2020, Bramble Corp. purchased a machine costing $361000. The machine is in the MACRS 5-year recovery class for tax purposes and has an estimated $66000 salvage value at the end of its economic life. It's based on half year convention. Assuming the company uses the general MACRS approach, the amount of MACRS deduction for tax purposes for the year 2020 is

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On January 1, 2020, Bramble Corp. purchased a machine costing $361000. The machine is in the MACRS 5...
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