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Assume that TransGlobe, Inc. acquired the following assets during the year: Asset Date Acquired and Placed in Service Cost Basis Computer Equipment 2/26 $19,500 Furniture
Assume that TransGlobe, Inc. acquired the following assets during the year:
Asset | Date Acquired and Placed in Service | Cost Basis |
Computer Equipment | 2/26 | $19,500 |
Furniture | 2/26 | $18,000 |
Commercial Building | 12/20 | $341,000 |
Assuming that they do not elect Section 179 expense and they elect out of bonus depreciation, what is their depreciation deduction for each of the three assets?
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