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  3. 3. on january 1, 2018 silo inc., purchased a new p

3. On January 1, 2018 SILO Inc., purchased a new piece of lumber processing equipment...

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Finance

3. On January 1, 2018 SILO Inc., purchased a new piece of lumber processing equipment for $400,000. The new equipment falls in a MACRS 7-year property class and has a 10-year life. The salvage value is expected to be 10% of the original purchase price. Using standard MACRS depreciation, the annual depreciation expense will be closest to __________for year 2019 (Year 2 only

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