In 2007, Lenux Corporation purchased $510,000 of new office furniture. Lenux wishes to take the maximum allowable

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In 2007, Lenux Corporation purchased $510,000 of new office furniture. Lenux wishes to take the maximum allowable depreciation deduction (including making any allowable elections). Calculate Lenux’s total depreciation deduction for 2007.

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Taxation For Decision Makers 2008

ISBN: 9780324654110

2nd Edition

Authors: Shirley Dennis-Escoffier, Karen A. Fortin

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