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A business acquired one asset, a machine, during 2019. The machine was purchased in February at a cost of $10,000. The company did not elect
A business acquired one asset, a machine, during 2019. The machine was purchased in February at a cost of $10,000. The company did not elect 179 expense at that time. Bonus depreciation of 100% was used. During 2022, the company sold the machine on November 15. Determine the cost recovery deduction for 2022.
Group of answer choices
$537
$1,249
$625
$5,715
0
$312
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