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On August 10, 2016, a calendar-year company purchases a new machine (7-year property) with a cost basis of $530,000. Under MACRS, what is the combined

On August 10, 2016, a calendar-year company purchases a new machine (7-year property) with a cost basis of $530,000. Under MACRS, what is the combined first-year Sec. 179 deduction and depreciation (rounded) for the machine

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