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Go Green Company is an environmental consulting firm in its second year of operations. The company didn't purchase any assets this year, but it did
Go Green Company is an environmental consulting firm in its second year of operations. The company didn't purchase any assets this
year, but it did purchase the following assets in the previous year:
Go Green Company did not know that depreciation was tax deductible until it hired an accounting firm this year to help with its
financial statements and tax return. Assume that bonus depreciation was not in effect and Go Green does not want to elect Section
for any of the assets.
a
What is the maximum amount of depreciation deduction Go Green Company can deduct in its second year of operations? Round
answer to decimal places, eg
Deduction $
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