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29 May, 20:31

The Loann Le Milling Company is going to purchase a new piece of testing equipment for $28,000 and a new machine for $53,000. The equipment falls in the three-year property class, and the machine is in the five-year class.

What annual depreciation will the company be able to take on the two assets?

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  1. 29 May, 21:48
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    Equipment = 33.33% (1/3)

    Machine = 20.00% (1/5)
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