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A calendar year taxpayer purchased a new factory building for $300,000 on July 1, 2019. The building qualifies as 39-year recovery property. Compute the maximum
A calendar year taxpayer purchased a new factory building for $300,000 on July 1, 2019. The building qualifies as 39-year recovery property. Compute the maximum allowable MACRS depreciation for 2019. (Ignore IRC 179 and bonus depreciation.)
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$2,821
$3,077
$3,526
$3,509
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