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Beths business purchased only one asset during the current year (a full 12-month tax year). On December 1 Beth placed in service machinery (seven year
Beths business purchased only one asset during the current year (a full 12-month tax year). On December 1 Beth placed in service machinery (seven year property) with a basis of $50,000. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). Use MACRS Table 2
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