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A 7-year MACRS property has a cost basis for O depreciation of $50,000. The estimated salvage(market) value is $10,000 after its 10-year useful life.The depreciation charge for the 4th year

and book value of the asset after the 4th year of depreciation areclosest to what values? (a) $5760; $44,240 (b) $6245; $12,496 (c) $6245; $15,620 (d) $6245; $43,755

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