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Business, 17.03.2020 04:43 karkarntx

A firm purchased and placed in service a new piece of semiconductor manufacturing equipment. The cost basis for the equipment is $100,000, and it will have a salvage value of $3,000 at end of year 7. The IRS has placed semiconductor manufacturing equipment in the 5-year recovery class. What is the depreciation charge in year 2, and what is the book value in year 2?

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