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Harold places a $ 5 , 0 0 0 , 5 - year asset into service in August of 2 0 2 0 ( the
Harold places a $year asset into service in August of the business is a
calendar year taxpayer What is the adjusted basis of this asset as of the end of
assuming of the assets were put into use in November and he did not elect or bonus depreciation? Please explain your answer.
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