An asset was purchased and installed for $251802. The asset is classified as MACRS 7-year property. Its useful life is 10 years.

An asset was purchased and installed for $251802. The asset is classified as MACRS 7-year property. Its useful life is 10 years. The estimated salvage value at the end of 10 years is $20212. Using MACRS depreciation, the !!THIRD!! year depreciation is:

In MACRS table for 7 years, the depreciation percentage for the third year is 17.49 percent. Since the asset is purchased at

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