The depreciation deduction for year 11 of a 15-year property with a 20-year class life is $4,000. If the salvage value of the asset is estimated to be $5,000 and MACRS-GDS is used to calculate the depreciation deduction for year 11, what was the initial cost of the asset? a. $42,105 b. $67,682 c. $72,682 d. $80,000.

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