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35 Linda purchased 5 year equipment on 8/3/2020 for $1,400,000. Her taxable income is $5 million and she wants to maximize her depreciation deduction. How
35 Linda purchased 5 year equipment on 8/3/2020 for $1,400,000. Her taxable income is $5 million and she wants to maximize her depreciation deduction. How much depreciation deduction can she claim in 2020. ut of Select one: a. $1,400,000. O b. $1,112,000 O c. $1,040,000. O d. $280,000 O e. $1,224,000. n36 Harrison bought a rental property on 3/1/2018 for $800,000. He added a new garage for $75,000 on 4/1/2019. He added a new patio for $30,000 on 5/1/2020.On 1/15/2020 he painted the interior of his house for $5000 and exterior of his house on for $15,000. The adjusted basis in the home is d ut of Select one: a. $920,000 b. $925,000 c. $800,000 O d. $905,000
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