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During 2018, O'Hara Productions purchased and placed into service the following property: Date February 15 May 8 June 30 Asset Computers Office Building Machinery Cost

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During 2018, O'Hara Productions purchased and placed into service the following property: Date February 15 May 8 June 30 Asset Computers Office Building Machinery Cost $175,000 400,000 350,000 a. Assume that O'Hara does not choose to elect $179 limited expensing or bonus depreciation. What is the amount of their total depreciation deduction for 2018 (year 1) on these assets? (answer in blank 1) b. On August 27, 2019, O'Hara sells their machinery. They do not make any further property acquisitions or dispositions in 2019. What is the amount of their total depreciation deduction for 2019 (year 2)? (answer in blank 2) c. Assume that O'Hara does not make any further property acquisitions or dispositions in 2020. What is the amount of their total depreciation deduction for 2020 (year 3)? (answer in blank 3) A/

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