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In April 2016, Lenape Corporation acquired new business machinery with a total cost $775K. Assuming the machinery qualifies for both Section 179 deduction and bonus

In April 2016, Lenape Corporation acquired new business machinery with a total cost $775K. Assuming the machinery qualifies for both Section 179 deduction and bonus depreciation, calculate Lenape's total cost recovery on the machinery for 2016.

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