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On June 10, 2021, Huron purchased equipment (seven-year class property) for $50,000. (Use Table 6A-1) Required: Determine Huron's cost recovery deduction for computing 2021

On June 10, 2021, Huron purchased equipment (seven-year class property) for $50,000. (Use Table 6A-1) Required: Determine Huron's cost recovery deduction for computing 2021 taxable income. Assume that Huron does not make the 179 and bonus elections. Note: Round your answer to 2 decimal places. Cost recovery deduction

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