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MacNally Orchards purchases section 179 eligible equipment and places it into service at midyear.

MacNally Orchards purchases section 179 eligible equipment and places it into service at midyear. The total cost of the equipment is $189,540, and the maximum section 179 deduction of $125,000 is elected. Find the first and second year depreciation using MACRS rates 14.29% and 24.49% respectively. What is the book value at the end of the second year?

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