A lumber company purchases and installs a wood chipper for, Financial Management

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A lumber company purchases and installs a wood chipper for

A lumber company purchases and installs a wood chipper for $84369. The chipper is classified as a MACRS 7-year property. Its useful life is 9 years. The estimated salvage value at the end of 9 years is $18738.

Using straight-line depreciation, the third year depreciation is:

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