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js On June 10, 2021, Huron purchased equipment (seven-year class property) for $56,000. (Use Table 6A-1) Required: Determine Huron's cost recovery deduction for computing 2021
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On June 10, 2021, Huron purchased equipment (seven-year class property) for $56,000. (Use Table 6A-1) Required: Determine Huron's cost recovery deduction for computing 2021 taxable income. Assume that Huron does not make the $179 and bonus elections. Note: Round your answer to 2 decimal placesStep by Step Solution
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