Question: Use this table to answer the questions below the asset cost 7000 and installation is 2000 dollar it is depreciated using the 5 years MACRS

Use this table to answer the questions below the asset cost 7000 and installation is 2000 dollar it is depreciated using the 5 years MACRS MACRS RATE Recovery year 10 3 years 5 years 7 years years 33% 20% 14% 10% 1 N 45 32 25 18 GO 15 19 18 7 12 12 12 4 5 12 6 00 Na 0 0 0 a co N N 7 6 9 6 10 WHAT IS THE DEPRECIATION EXPENSE IN YEAR 1 NO 5 9 9 8 4 6 6 10 6 4 WHAT IS THE DEPRECIATION EXPENSE IN YEAR 1 WHAT IS THE ACCUMLATED DEPRECIATION IN YEAR 3 WHAT IS THE BOOK VALUE OF THE ASSET

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