On June 10, 2019, Huron purchased equipment (7-year class property) for $75,000. Determine Hurons cost recovery deduction
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On June 10, 2019, Huron purchased equipment (7-year class property) for $75,000. Determine Huron’s cost recovery deduction for computing 2019 taxable income. Assume Huron does not make the §179 election or bonus elections.
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Related Book For 
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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