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Skyline, Inc. has the following assets in service at the end of 2022: - In 2022 Skyline has taxable income of $10,000,000. - Skyline did
Skyline, Inc. has the following assets in service at the end of 2022: - In 2022 Skyline has taxable income of $10,000,000. - Skyline did not utilize a $179 deduction or bonus depreciation prior to 2022 . Skyline would like to take the $179 deduction, but not bonus depreciation, this year. For full credit this week: 1) Show all of your calculations and conclude your solution with the most beneficial cost recovery amount for Skyline for 2022. 2) THEN explain why you amount is the most beneficial in a couple of sentences
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