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Augie purchased one new asset during the year (five-year property) on November 10, 2017 at a cost of $600,000. She made the 179 election. The
Augie purchased one new asset during the year (five-year property) on November 10, 2017 at a cost of $600,000. She made the 179 election. The income from the business before the cost recovery deduction and the 179 deduction was $300,000. Determine the total cost recovery deduction with respect to the asset for 2017, and 2018.
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