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A taxpayer purchased for $1,000,000 and placed in service qualified technological equipmentduring April of 2016. It is 5 year property. What is the appropriate MACRS
A taxpayer purchased for $1,000,000 and placed in service "qualified technological equipment"during April of 2016. It is 5 year property.
What is the appropriate MACRS deduction in 2016?
What is the appropriate MACRS deduction in 2017?
DO NOT CONSIDER SECTION 179 OR BONUS DEPRECIATION
-Income Tax
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