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Business, 16.03.2020 20:27 hernandezbrandon059

An asset is placed in service on May 15, 2019 and has a depreciable basis of $40,000. The asset is in the 7-year recovery class and the half-year convention applies. What is the maximum depreciation deduction that may be claimed for 2019, excluding the election to expense and bonus depreciation?

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An asset is placed in service on May 15, 2019 and has a depreciable basis of $40,000. The asset is i...
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