NEL Industries acquired a new 5-year asset on March 1. 2019 for a total cost of $100,000.
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NEL Industries acquired a new 5-year asset on March 1. 2019 for a total cost of $100,000. It was the only asset that NEL acquired during 2019. Assume that NEL elected to not take any bonus depreciation nor any Section 179 deduction in 2019. What will be the depreciation deduction in 2022 ( the fourth year of ownership)?
Related Book For
Federal Taxation 2021 Corporations, Partnerships, Estates & Trusts
ISBN: 9780135919460
34th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
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