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5. On May 11, 2012 , your calendar year firm purchases for $10,000 a used office machine with an estimate d salvage value of $1,000.

5.On May 11, 2012, your calendar year firm purchases for $10,000 a used office machine with an estimated salvage value of $1,000. If the machine is the only fixed asset purchased in 2012 and no Section 179 deduction is taken, what is your firms maximum 2012 deduction for depreciation?

a. $6,000

b. $1,429

c. $2,000

d. $5,715

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