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Londo Corporation (a calendar-year taxpayer) purchased a new car at a cost of $70,000 for use in its business in 2019. Compute the depreciation deductions
Londo Corporation (a calendar-year taxpayer) purchased a new car at a cost of $70,000 for use in its business in 2019. Compute the depreciation deductions for this car for 2019 and 2020.
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