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Orange Corporation acquired new office furniture (7-year property) on August 12, 2022, for $130,000. Orange does not elect 179 expensing and elects out of bonus

Orange Corporation acquired new office furniture (7-year property) on August 12, 2022, for $130,000. Orange does not elect 179 expensing and elects out of bonus depreciation .

a. What is its depreciation deduction for 2022?

b. What is its depreciation deduction in 2024 if it disposes of the furniture that year?

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