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On January 2, 2022, donna Corporation placed in service a five-year depreciable asset. The acquisition price of the asset was $25,000, and donna Corporation claimed
On January 2, 2022, donna Corporation placed in service a five-year depreciable asset. The acquisition price of the asset was $25,000, and donna Corporation claimed a Section 179 deduction for the full amount. Determine the amount of E&P adjustment associated with the property in the year of acquisition.
$5,000
$25,000
$20,000
$(5,000)
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