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OpenStudy (anonymous):
HELP PLEASE: Stallone’s Sub Shop purchased a delivery van for $24,000. Suppose that MACRS allows delivery vans to be depreciated fully in 6 years according to six fixed percents: 20% the first year, 32% the second year, 19.2% the third year, 11.52% the fourth and fifth years, and 5.76% the sixth year. What is the annual depreciation for the second year? A)7,680 B)6,275 C)7,000 D)5,860
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