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Compute tax depreciation for each year 2012-2017

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Reference no: EM13508683

Francis Corporation purchased an asset at a cost of $50,000 on March 1, 2012. The asset has a useful life of 8 years and a salvage value of $4,000. For tax purposes, the MACRS class life is 5 years. Compute tax depreciation for each year 2012-2017.

Reference no: EM13508683

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