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Almalina purchased and installed a new safe in her store on May 1, 2021. She paid $7000 for her safe. She elects to depreciate it
Almalina purchased and installed a new safe in her store on May 1, 2021. She paid $7000 for her safe. She elects to depreciate it under the ADS system instead of the GDS system. What recovery period will she use?
5 years
7 years
9 years
10 years
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