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Section 7 - DEPRECIATION UNDER FEDERAL INCOME TAX DEPRECIATION RULES During 2 0 2 1 , Diamonds Inc. purchases only one asset: equipment ( 7
Section DEPRECIATION UNDER FEDERAL INCOME TAX DEPRECIATION RULES
During Diamonds Inc. purchases only one asset: equipment year property for $ Diamonds takes the maximum Section deduction and elects out of bonus. Compute maximum tax depreciation for
tableYearDepreciation Calculation,Rate,Dep.ExpTotal
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