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. Lane Corporation acquired and placed into service the following 1 0 0 % business - use assets. Lane did not claim Section 1 7
Lane Corporation acquired and placed into service the following businessuse assets. Lane did not claim Section or bonus depreciation expenses on any of the properties. Truck year asset $ basis placed into service March ; Machinery year asset $ basis placed into service November ; Land $ basis placed into service on October ; Commercial building $ basis placed into service December a What is Lanes total depreciation deduction for b What is Lanes total depreciation deduction if the year asset was placed into service on January
Lane Corporation acquired and placed into service the following businessuse assets. Lane did not claim Section or bonus depreciation expenses on any of the properties.
Truck year asset $ basis placed into service March ;
Machinery year asset $ basis placed into service November ;
Land $ basis placed into service on October ;
Commercial building $ basis placed into service December
a What is Lanes total depreciation deduction for
b What is Lanes total depreciation deduction if the year asset was placed into service on January
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