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Diana purchases an office building for $1,000,000, office equipment for $300,000 and computer equipment for $500,000. The assets are placed in service on September 15,
Diana purchases an office building for $1,000,000, office equipment for $300,000 and computer equipment for $500,000. The assets are placed in service on September 15, 2020 and Diana does not elect section 179 or use bonus depreciation. Calculate the total depreciation deduction that Diana may take on her 2020 tax return.
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