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jerru purchased and placed two new business assets in the current year. one was 5 year assets placed on may 20th and it cost 40000.

jerru purchased and placed two new business assets in the current year. one was 5 year assets placed on may 20th and it cost 40000. the other was a 7 year assset placed in service november 3rd it cost 37000. jerry did not elect chapter 179 expensing or take any year 1 depreciation. what is jerrys depreciation expense for asset 1

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