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Aaron Co. (calendar year business) acquired and placed into service a $60,000 machine (7-year property) in April of 2018. Assume Aaron Co. used the half-year
Aaron Co. (calendar year business) acquired and placed into service a $60,000 machine (7-year property) in April of 2018. Assume Aaron Co. used the half-year convention and did not take a $179 deduction or bonus depreciation. What is Aaron Co.'s 2020 depreciation deduction if the machine was sold on February 10, 2020? SHOW ALL SUPPORTING WORK TO RECEIVE FULL CREDIT! (AND LABEL IT)
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