Question: Item7 5 points eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 7 On June 10, 2023, Huron purchased equipment (seven-year class property) for $76,000.

Item7 5 points eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 7 On June 10, 2023, Huron purchased equipment (seven-year class property) for $76,000. (Use Table 6A-1) Required: Determine Huron's cost recovery deduction for computing 2023 taxable income. Assume that Huron does not make the 179 and bonus elections. Note: Round your answer to 2 decimal places

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