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Mary purchased equipment (5 year property) in 2016 for $200,000. Sec. 179 is not elected and she elected out of bonus depreciation. She sells the
Mary purchased equipment (5 year property) in 2016 for $200,000. Sec. 179 is not elected and she elected out of bonus depreciation. She sells the property in 2018. What is the cost recovery deduction for 2018?
a. $20,000
b. $32,000
C. $38,400
d. $19,200
e. None of the above
(Note: the answer is D but I need the calculations and an explanation)
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