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Clover, Inc. purchased two assets during the current year (a full 12-month tax year). Clover placed in service computer equipment (5-year property) on August 10
Clover, Inc. purchased two assets during the current year (a full 12-month tax year). Clover placed in service computer equipment (5-year property) on August 10 with a basis of $20,000 and machinery (7-year property) on November 18 with a basis of $10,000. Calculate the maximum depreciation expense, rounded to a whole number (ignoring 179 and bonus depreciation):
$5,429 | ||
$857 | ||
$3,357 | ||
$6,000 | ||
None of these |
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