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Business, 06.12.2019 01:31 aurorasweetpea610

Abc corp. sold two assets on march 20th of the current year. the first was machinery with an original basis of $51,000, currently in the fourth year of depreciation, and under the halfyear convention. the second was furniture with an original basis of $16,000 placed in service during the fourth quarter, currently in the third year of depreciation, and under the midquarter convention. what is abc's depreciation expense for the current year if the depreciation recovery period for both assets is 7-years?

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Abc corp. sold two assets on march 20th of the current year. the first was machinery with an origina...
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