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Kiri acquires equipment (7-year property) on August 14, 2016, for $80,000. She does not elect to expense the asset under Section 179 or the 50%
Kiri acquires equipment (7-year property) on August 14, 2016, for $80,000. She does not elect to expense the asset under Section 179 or the 50% bonus. She sells the asset on January 15, 2020. What is Kiri's cost recovery deduction related to the equipment in 2016 and 2020?
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