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On April 5, 2019, Orange Corporation purchased and placed in service 7-year class assets costing $1,050,000 and 5-year class assets costing $140,000. Orange elects to

On April 5, 2019, Orange Corporation purchased and placed in service 7-year class assets costing $1,050,000 and 5-year class assets costing $140,000. Orange elects to expense the maximum amount under 179. Orange does not take additional first-year depreciation. Assume taxable income is not a limitation. Determine Oranges maximum cost recovery with respect to the assets for 2019.

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