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Kelly, LLC acquires machinery (five-year class asset) on February 1, 2018, at a cost of $2,700,000. What is Kelly's largest possible deduction for depreciation expense
Kelly, LLC acquires machinery (five-year class asset) on February 1, 2018, at a cost of $2,700,000. What is Kelly's largest possible deduction for depreciation expense in 2018 for this newly acquired machinery assuming the LLC does not elect additional first year depreciation? o $560,000 o $1,000,000 o $1,120,000 o $1,180,000 O None of the above
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