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On October 2, 2018, Brian acquired and placed in service 5-year property costing $50,000. He did not claim any election to expense or bonus depreciation.
On October 2, 2018, Brian acquired and placed in service 5-year property costing $50,000. He did not claim any election to expense or bonus depreciation. Compute the amount of his MACRS depreciation expense for the current tax year.
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