Question: A large profitable corporation purchased a small jet plane for use by the firm's executives in January. The plane cost $1.5 million and, for depreciation

A large profitable corporation purchased a small jet plane for use by the firm's executives in January. The plane cost $1.5 million and, for depreciation purposes, is assumed to have a zero salvage value at the end of 5 years. Compute the MACRS depreciation schedule.

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