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Question - The ABC company is going to purchase a new equipment for $75,000 and a new machine for $108,000. The equipment falls in the five-year property class, and the machine is in the seven-year class. How much depreciation will the company be able to take on the new machine on year 1?
a) 21,600
b) 10,717.5
c) None of them
d) 15,433.2
e) 30,866.40
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