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Assume new instruments for a firm cost $18,000 with an additional installation fee of $2,000, both of which are depreciable. Finish the depreciation schedule shown below using the Modified Accelerated Cost Recovery System (MACRS) 3-year class.
Year
Rate
Basis
Depreciation
1
2
3
4
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Your client has asked you to provide guidance on the following potential accounting changes: (1) Change from straight-line method of depreciation to sum-of-the-years'-digits (2) Ch
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