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Hansel LLC purchased Office furniture in 2020 for $50,000 and depreciated it using 7 7-year MACRS. What is depreciation for 2020-2023 and the adjusted basis
Hansel LLC purchased Office furniture in 2020 for $50,000 and depreciated it using 7 7-year MACRS. What is depreciation for 2020-2023 and the adjusted basis at the end of 2023? (format your depreciation expense as -xxxx, i.e. 1000 of depreciation expense should be -1000
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