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In April 2 0 2 3 , Emma acquired a machine for $ 6 0 , 0 0 0 for use in her business. The

In April 2023, Emma acquired a machine for $60,000 for use in her business. The machine is classified as 7-year property. Emma does not expense the asset under Sec. 179 or bonus depreciation. Emma's depreciation on the machine for 2023 is
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$6,428.
$60,000.
$30,000.
$8,574.

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