On June 10, 2071, Huron purchased equipment (seven year class property) for $72,000.  Required: Determine Huron's cost recovery deduction for computing 2021 taxable income. Assume that Huron does not make the $179 and bonus elections Note: Round your answer to 2 decimal places. Cunt recovery deduction

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Huron purchased 72000 of 7year property in 2071 To calculate the cost recovery ... View the full answer