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Ed placed 2 assets in service in 2023: May 21 - Computer equipment (5 yr property) at a cost of $5,000. June 5 - Office
Ed placed 2 assets in service in 2023: May 21 - Computer equipment (5 yr property) at a cost of $5,000. June 5 - Office furniture (7 yr property) at a cost of $10,000 Ed does not elect sec. 179 or bonus depreciation. Using MACRS, Ed's cost recovery deduction for 2023 is: Group of answer choices $15,000 $2,057 $2,429 $2,120 $3,420
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
