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2. Noon Company purchased 7-year property on March 8, 2018 for $100,000 (this was Noon's only purchase during 2018). Noon sells the property on

2. Noon Company purchased 7-year property on March 8, 2018 for $100,000 (this was Noon's only purchase during 2018). Noon sells the property on October 4; 2021. Determine the cost recovery for both years. Assume 179 & bonus depreciation were NOT taken in 2018. ar bazn 2018: 2021: 00004 925 ft 000.000 to 150S gu d blue line 000 2012 ( 0000712 000.0752

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