23. In July 2010, Lenux Corporation purchased $2,100,000 of new office furniture. Lenux claimed the maximum allowable

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23. In July 2010, Lenux Corporation purchased $2,100,000 of new office furniture.

Lenux claimed the maximum allowable depreciation deduction

(including having made any allowable elections). Calculate Lenux’s total depreciation deduction for 2010 and 2011.

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Taxation For Decision Makers

ISBN: 9781118091555

2012 Edition

Authors: Shirley Dennis Escoffier

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