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Norwell Company purchased $1,413,200 of new business equipment on July 10, 2013. This was Norwell's only asset purchase for its 2013 taxable year. Compute Norwell's

Norwell Company purchased $1,413,200 of new business equipment on July 10, 2013. This was

Norwell's only asset purchase for its 2013 taxable year. Compute Norwell's total tax depreciation

deduction for this 7-year recovery property.

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