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In May of 2018, McGinni, Inc. purchased new computer and peripheral equipment used in its 3D...

In May of 2018, McGinni, Inc. purchased new computer and peripheral equipment used in its 3D printing business that had a first cost (unadjusted basis) of $425,000.

a.What is the MACRS-GDS property class for the new computer system?

b.How many years will it take to completely depreciate the new computer system?

c.Compute and tabulate the depreciation allowances and book values for the new computer system.

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