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In Year 1, Tom purchases various assets for her business as follows: January 20 purchases equipment for $800 with a recovery period of 7 years
In Year 1, Tom purchases various assets for her business as follows: January 20 purchases equipment for $800 with a recovery period of 7 years February 2 purchases equipment for $2000 with a recovery period of 5 years July 18 purchases equipment for $2500 with a recovery period of 7 years September 12 purchases equipment for $1200 with a recovery period of 7 years January 1 purchases a building for $400,000 with a recovery period of 39 years December 1 purchases equipment for $3500 with a recovery period of 5 years Assuming all of the equipment is depreciated under Class A, how much is depreciable for each asset in Year 1
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