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nts without 1.10 Homework Save Score: 0 of 1 pt 3 of 5 (2 complete) HW Score: 40% 2 of 5 pts work PI:10-25 (similar

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nts without 1.10 Homework Save Score: 0 of 1 pt 3 of 5 (2 complete) HW Score: 40% 2 of 5 pts work PI:10-25 (similar to) Question Help /Test Sierra acquired business machinery (which qualified as 10-year MACRS property) on July 15, 2017 for $28,000. In 2017 Sierra claimed a 52,800 regular MACRS depreciation deduction and she elected not to claim Sec. 179 depreciation or bonus depreciation. Because of her low tax rate in 2018 - 2020, Sierra did not claim any depreciation deduction on her tax returns in those years. She sells the machine on July 1, 2020, for $22,000 (Click the icon to view the MACRS half-year convention rates.) Read the requirements Requirement a. What is the adjusted basis of the machine on the sale date? Select the formula and enter the amounts to compute the adjusted basis of the machine on the sale date. (Use MACRS rates to three decimal places, XXXX%. Round interim annual depreciation calculations and your final answers to the nearest dollar) Adjusted basis at time of sale ct: 2 21:10-25

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