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Sairra LLC purchased only one asset during the current year (a full 12-month tax year). On April 16 Sairra placed in service furniture (seven year
Sairra LLC purchased only one asset during the current year (a full 12-month tax year). On April 16 Sairra placed in service furniture (seven year property) with a basis of $50,000. Calculate the maximum depreciation expense for the current year (ignoring 179 and bonus depreciation).( Use the MACRS Table 1)
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