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This year, Amy purchased $ 4 , 5 0 0 of equipment for use in her business. However, the machine was damaged in a traffic
This year, Amy purchased $ of equipment for use in her business. However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business. Note that because Amy did not place the equipment into service during the year, she does not claim any depreciation or cost recovery expense for the equipment.
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