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On October 10, 2021, Luke acquired and placed into service 5-year business equipment costing $100,000. No other acquisitions were made during the year. Luke does
On October 10, 2021, Luke acquired and placed into service 5-year business equipment costing $100,000. No other acquisitions were made during the year. Luke does not apply Sec. 179 expensing or bonus depreciation. The depreciation for this year is
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