Question: On August 23, 2020, Thomas bought a computer for $75,000 for business use. This was the only purchase for that year. Thomas used the most
On August 23, 2020, Thomas bought a computer for $75,000 for business use. This was the only purchase for that year. Thomas used the most accelerated depreciation method available but did not elect Sec. 179. Bonus depreciation was not available. Thomas sells the machine in 2021. The depreciation on the computer for 2021 is
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