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Problem 1 0 - 6 4 ( LO 1 0 - 2 , LO 1 0 - 3 ) ( Static ) Acom Construction (
Problem LO LO Static Acom Construction calendar yearend C corporation has had rapid expansion during the last half of the current year due to the housing market's recovery. The company has record Income and would like to maximize its cost recovery deduction for the current yearUse MACRS Table Table Table Table and Table Note: Round your answer to the nearest whole dollar amount Acorn provided you with the following Information: Asset New equipment and tools Used lightduty trucks Used machinery Total Placed in Service August October November The used assets had been contributed to the business by its owner in a taxdeferred transaction two years ago. What is Acom's maximum cost recovery deduction in the current year?
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