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AP constructed a new manufacturing plant for a total cost of $7,615,000 and placed it in service on March 2. To finance the construction, AP took out a $6 million, 30-year mortgage on the property. Compute AP’s MACRS depreciation for the manufacturing plant for the first, second, and third years of its operation. (For the first year only, show how to calculate the depreciation without the use of tables.)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91525370

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