Question: Please provide thorough explanation. If possible, please type or ensure response is legible. A car costs $8000 and has an anticipated $1000 salvage value at

Please provide thorough explanation. If possible, please type or ensure response is legible.

A car costs $8000 and has an anticipated $1000 salvage value at the end of its five year depreciable life. Compute the depreciation allowance at the end of year 4 using MACRS (assume a 5 year property class).

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