Norwell Company purchased $1,413,200 of new business equipment on July 10, 2014. This was Norwell's only asset purchase for its 2014 taxable year. Compute Norwell's total tax depreciation deduction for this 7-year recovery property.

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The Answer of Norwell Company purchased $1,413,200 of new business equipment on July 10, 2014. This was Norwell's only asset purchase for its 2014 taxable year. Compute Norwell's total tax depreciation deduction for this 7-year recovery property.

Norwell Company Purchased $1,413,200 of New Business Equipment on July