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Maryland Corp purchased a 10 year asset in January for $200,000. This was the only asset the company placed in service during that year. Neither
Maryland Corp purchased a 10 year asset in January for $200,000. This was the only asset the company placed in service during that year. Neither the straight line method nor the 150% declining balance method was elected. The company elects out of bonus depreciation and the Section 179 expense deduction. Maryland Corp sold the 10 year property in February of Year 5. What is the depreciation allowable in the year of sale? A. $4,350, B. $6,850, C. $9,220, D. $18,440
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