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Yasmin Purchased Two Assets During the Current Year

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Yasmin purchased two assets during the current year.On May 26th Yasmin placed in service computer equipment (five-year property)with a basis of $10,000 and on December 9th placed in service machinery (seven-year property)with a basis of $10,000.Calculate the maximum depreciation deduction (ignoring §179 and bonus depreciation).(Use MACRS Table 2.)

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$2,857.
The mid-quarter convention appli...

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