Question: On June 10, 2014, Huron purchased equipment (7-year class property) for $75,000. Determine Huron's cost recovery deduction for computing 2014 taxable income. Assume Huron does

On June 10, 2014, Huron purchased equipment (7-year class property) for $75,000. Determine Huron's cost recovery deduction for computing 2014 taxable income. Assume Huron does not make the §179 election or take the bonus.

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