Question: Mountain View Development Co. purchases a new high-volume paper shredder for use in its document management department for $20,000 on November 7 of 2020. It
Mountain View Development Co. purchases a new high-volume paper shredder for use in its document management department for $20,000 on November 7 of 2020. It is the only piece of depreciable property placed in service during 2020. The paper shredder is 7-year MACRS property, the Section 179 election to expense is not exercised, and bonus depreciation is not elected. What is Mountain View's 2020 depreciation deduction on the paper shredder?
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