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15. Compute regular depreciation for the following new assets ( consider Section 179, and bonus depreciation). (a.) Business equipment purchased in February for $2,150,000 which
15. Compute regular depreciation for the following new assets ( consider Section 179, and bonus depreciation).
(a.) Business equipment purchased in February for $2,150,000 which has a salvage value of $15,000.
(b.) Business car purchased in May for $42,000, which is used 100% for business and has no salvage value.
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