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Barbara's Bakery purchased three new assets during the current year. Since this is Barbara's first year in the bakery business, she chose NOT to use
Barbara's Bakery purchased three new assets during the current year. Since this is Barbara's first year in the bakery business, she chose NOT to use Section to immediately expense the assets and she elected NOT to use bonus depreciation. She purchased furnishings for $ in April, equipment for $ in July, and a new appliances for $ in November. Using the MACRS tables with a year recovery period, what is the amount of depreciation that can be taken on these assets in the first year?
Multiple choice question.
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