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In 2020, Myron purchased a machine to use exclusively in his home business. He depreciated it using the 200% declining balance method and the half-year
In 2020, Myron purchased a machine to use exclusively in his home business. He depreciated it using the 200% declining balance method and the half-year convention. In February 2021, he decided to buy a better machine and he sent the first machine to a recycler. Which of the following correctly describes Myron's 2021 depreciation deduction for the first machine? For 2021, Myron will claim of a full-year's deduction for the machine. 0000 87.50% 50% 25% 12.50%
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