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determine the total deductions in calculating taxable income related to the machines for 2019, 20202, 2021 2. Spam Company acquires a new machine (five-year property)

determine the total deductions in calculating taxable income related to the machines for 2019, 20202, 2021

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2. Spam Company acquires a new machine (five-year property) on January 15, 2019, at a cost of $350,000. Tan also acquires another new machine (seven-year property) on November 5, 2019, at a cost of $100,000. No election is made to use the straight-line method. The company does not make the $ 179 election. Spam does elect not to take additional first-year (bonus) depreciation. Determine the total deductions in calculating taxable income related to the machines for 2019, 2020 and 2021. 2019 2020 2021

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