A firm purchased an asset with a 5-year life for 80000 and

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A firm purchased an asset with a 5-year life for $80,000, and it cost $5,000 for shipping and $10,000 for installation. According to the current tax laws the initial depreciation value of the asset is

a. $95,000

b. $90,000

c. $85,000

d. $80,000

Reference no: EM13571491

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