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During 2 0 2 1 , Diamonds Inc. purchases only one asset: equipment ( 7 - year property ) for $ 1 , 6 5

During

2021,

Diamonds Inc. purchases only one asset: equipment

(7 -

year property

)

for $

1, 650, 000 .

Diamonds takes the maximum Section

179

deduction and elects out of

100 %

bonus. Compute maximum tax depreciation for

2021 - 2028

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