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.In 2015, Henry purchases $210,000 of equipment with a useful life of 7 years. The taxable income of the business is $100,000. What is Henry's
.In 2015, Henry purchases $210,000 of equipment with a useful life of 7 years. The taxable income of the business is $100,000. What is Henry's maximum depreciation deduction in 2015?
a.
$15,000
b.
$42,865
c.
$27,865
d.
$30,009
e.
$34,212
According to test bank 2016, the answer is (b) $42,865. Please explain how to calculate it. Also, is it still the same answer for 2019? I would like to know up-dated answer. Thank you!
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