Calculate the allowable tax depreciation on this asset

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Reference no: EM131222016

In March 2015, Jones Company purchased a Mercedes for use in its business at a cost of $73,000. Assuming no bonus depreciation or Section179 deductions, calculate the allowable tax depreciation on this asset for 2015, 2016 and 2017. Depreciation method used is MACRS.

Reference no: EM131222016

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