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Question 8. Frank is a calendar year taxpayer. Frank's business has a group of computers (a 5-year asset) used 100% for business purposes. The original

image text in transcribed Question 8. Frank is a calendar year taxpayer. Frank's business has a group of computers (a 5-year asset) used 100% for business purposes. The original cost was $600,000. The asset was placed in service in March 2021 (quarter 1 of year 1) and is on the mid-quarter convention. Frank elected the default 200% declining balance method and elected not to take any Section 179 expense or bonus depreciation in respect to this asset. In July 2023 (quarter 3 of year 3), Frank disposed of this asset. Compute the 2023 (year 3). depreciation deduction allowed for this asset using the standard MACRS tables and taking into account any disposal year adjustments. $93,600$58,500$57,600$76,500

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