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Harry purchased some new equipment for his business in November of last year. It was the only asset he purchased that year. He originally purchased
Harry purchased some new equipment for his business in November of last year. It was the only asset he purchased that year. He originally purchased the equipment for 12,160 but demand has increased so it is now worth 17,569. Calculate Mark's depreciation for his equipment this year. He did not elect Bonus or 179 depreciation.
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