Sid bought a new $1,210,000 seven-year class asset on August 2, 2016. On December 2, 2016, he purchased $860,000 of used five-year class assets. If Sid elects § 179 and takes additional first-year depreciation, if available, what is the maximum cost recovery deduction for these purchases for 2016?

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The Answer of Sid bought a new $1,210,000 seven-year class asset on August 2, 2016. On December 2, 2016, he purchased $860,000 of used five-year class assets. If Sid elects § 179 and takes additional first-year depreciation, if available, what is the maximum cost recovery deduction for these purchases for 2016?

Sid Bought a New $1,210,000 Seven-Year Class Asset on August