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Business, 25.03.2020 02:51 BraceFaceZariaOn32

Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer equipment (five-year property) with a basis of $20,000. Calculate the maximum depreciation expense for the current year (ignoring §179 and bonus depreciation).

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Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 La...

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