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12 15 The cost basis for an asset that qualifies for 100% bonus depreciation is $250,000. Determine the depreciation for year 1. a) $500,000 b)

12 15 The cost basis for an asset that qualifies for 100% bonus depreciation is $250,000. Determine the depreciation for year 1. a) $500,000 b) Cannot be determined without knowing the operating life of the asset. c) $125,000 d) $250,000

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