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7. Georgia purchased an asset for her business on March 20, 2018 and placed it into service on April 7, 2019. The asset cost $2,650,000

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7. Georgia purchased an asset for her business on March 20, 2018 and placed it into service on April 7, 2019. The asset cost $2,650,000 and was the only asset placed in service during 2019. a. What is Georgia's maximum cost recovery for 2019 if the asset is computer equipment (5-year recovery class) and she did not elect to use $179 or bonus depreciation? b. What is Georgia's maximum cost recovery for 2019 if the asset is a back-op electrical generator (15-year recovery class) and she did not elect to use bonus depreciation? c. What is Georgia's maximum cost recovery for 2019 if the asset is a barge (10-year recovery class)? d. What is Georgia's maximum cost recovery for 2019 if the asset is a warehouse and $1.150,000 of the cost is allocated to the land? e. What is Georgia's maximum cost recovery for 2019 if the asset is an apartment building and $1,150,000 of the cost is allocated to the land

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