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Question 5 a) A company purchases a new Continuous Miner for $3,500,000. The machine is purchased and put into service in June. Calculate the maximum
Question 5 a) A company purchases a new Continuous Miner for $3,500,000. The machine is purchased and put into service in June. Calculate the maximum possible depreciation in the appropriate time period and first year convention. (6 pts) b) Non-residential real property was developed in the 2nd month of the Tax year. What are the depreciation deductions for the first 10 years? (6 pts)
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