Question: Exercise 8-21 (Algorithmic) (LO. 2) Euclid acquires a 7-year class asset on May 9, 2018, for $223,500. Euclid does not elect immediate expensing under 179.

Exercise 8-21 (Algorithmic) (LO. 2) Euclid acquires a 7-year class asset

Exercise 8-21 (Algorithmic) (LO. 2) Euclid acquires a 7-year class asset on May 9, 2018, for $223,500. Euclid does not elect immediate expensing under 179. He does not claim any available additional first-year depreciation. Click here to access the depreciation table to use for this problem If required, round your answers to the nearest dollar. Euclid's cost recovery deduction is sfor 2018 and sfor 2019

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