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2 Single Individual C purchased office furniture costing $28,000 on June 5, 2021, to use in her business. Single Individual C had taxable income of
2 Single Individual C purchased office furniture costing $28,000 on June 5, 2021, to use in her business. Single Individual C had taxable income of $92,000 before the depreciation deduction. required: (1) Determine the MACRS depreciation deduction for 2021. (2) Calculate the tax savings from the MACRS deduction referring to the income tax table for a single filer
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