A stamping machine is classified as seven-year macrs
A stamping machine is classified as seven-year MACRS property. The cost basis for the machine is $120,000, and the expected salvage value is $10,000 at the end of 12 years. Compute the book value at the end of three years for tax purposes.
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a stamping machine is classified as seven-year macrs property the cost basis for the machine is 120000 and the expected
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