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Compute ap macrs depreciation for the manufacturing plant

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Reference no: EM132661052

Problem 1: AP constructed a new manufacturing plant for a total cost of $7,615,000 and placed it in service on March 2. To finance the construction, AP took out a $6 million, 30-year mortgage on the property. Compute AP's MACRS depreciation for the manufacturing plant for the first, second, and third years of its operation.

Reference no: EM132661052

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