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Euclid acquires a 7-year class asset on May 9, 2019, for $80,000. Euclid does not elect immediate expensing under 179. He does not claim any
Euclid acquires a 7-year class asset on May 9, 2019, for $80,000. Euclid does not elect immediate expensing under 179. He does not claim any available additional first-year depreciation. Click here to access the depreciation table to use for this problem. Euclid's cost recovery deduction is $ for 2019 and $ for 2020
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