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Emerald Murals places the following assets into service in 2018. All are 5-year class assets and they are the only assets Emerald placed in service
Emerald Murals places the following assets into service in 2018. All are 5-year class assets and they are the only assets Emerald placed in service during the year. Their business income is $620,000. Asset 1 (March 24) Asset 2 (August 24) Asset 3 (December 20) Total $ 924,000 272,000 1,424,000 2,620,000 1. Under MACRS, what would Emerald's cost recovery deduction for the year be 2. Assume Emerald elects to expense using $179. Show all your work. Addisonenployment expenses to 2018 and Continuing education Professionals The business play were boxes of candy can Sant to be the largest account Addison's deductions
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