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MACRS (LO. 6) Baker, Inc., purchases office furniture (7-year MACRS property) costing $1,051,000 and a computer system (5-year MACRS property) costing $1,051,000 in 2020. Assume
MACRS (LO. 6) Baker, Inc., purchases office furniture (7-year MACRS property) costing $1,051,000 and a computer system (5-year MACRS property) costing $1,051,000 in 2020. Assume that Baker elects not to claim bonus depreciation. Refer to the MACRS Depreciation Table to answer the following question. Hint: Maximize the Section 179 election effect. Note: Round all values to the nearest whole dollar. The maximum cost-recovery deduction in 2020 is $
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