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Sid bought a new $1,320,000 seven-year class asset on August 2, 2021. On December 2, 2021, he purchased $800,000 of used five-year class assets. Sid

Sid bought a new $1,320,000 seven-year class asset on August 2, 2021. On December 2, 2021, he purchased $800,000 of used five-year class assets. Sid elects 179 and does not take additional first-year depreciation. Compare the cost recovery outcomes for 2021 of taking 179 on the 7-year vs. the 5-year asset. What do you recommend Sid do?

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