What depreciation is allowed for this asset

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Reference no: EM132165609

Question - Metal Stampings, Inc., can purchase a new forging machine for $100,000. After 20 years of use the forge should have a salvage value of $15,000. What depreciation is allowed for this asset in Year 3 for

(a) MACRS depreciation?

(b) straight-line depreciation?

Reference no: EM132165609

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