Business, 12.03.2021 15:40 granthazenp5e9mj

Assuming the same facts in question DEP 1, assume that Turtle also purchased the following personal property items in 2020: 7 year class assets of $300,000 in May 2020 and 5 year class assets of $400,000 in November 2020. Assuming that Pelican elects not to take any Section 179 nor any bonus depreciation in 2020 what is the allowable depreciation on the 5 year class assets and 7 year class assets in 2020

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Assuming the same facts in question DEP 1, assume that Turtle also purchased the following personal...

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