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Verify the 5- and 7-year property class percentage given in Table 12.4 by applying the 200% DB approach to a piece of equipment with a nominal value of $1,000. For the 7-year property class, in what year is the switch from 200% DB to straight line made based on the percentages given in the table ( For the MACRS, apply the half year convention for the first and last year.

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