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Reid acquired two assets in 2 0 2 3 : on August 6 thAugust 6 th , he acquired computer equipment ( five - year
Reid acquired two assets in : on August thAugust th he acquired computer equipment fiveyear property with a basis of $ and on November thNovember th he acquired machinery sevenyear property with a basis of $ Assume that Reid has sufficient income to avoid any limitations Calculate the maximum depreciation deduction, including expensing but not bonus depreciationUse MACRS Table Table
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