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Business, 25.05.2021 02:10 mlbaker265

Euclid acquires a 7-year class asset on May 9, 2020, for $200,000 (the only asset acquired during the year). Euclid does not elect immediate expensing under §179. He does not claim any available additional first-year depreciation. Calculate Euclid’s cost recovery deduction for 2019 and 2020.

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Euclid acquires a 7-year class asset on May 9, 2020, for $200,000 (the only asset acquired during th...
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