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A calendar year taxpayer purchased a new factory building for $300,000 on July 1, 2019....

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Accounting

A calendar year taxpayer purchased a new factory building for $300,000 on July 1, 2019. The building qualifies as 39-year recovery property. Compute the maximum allowable MACRS depreciation for 2019. (Ignore IRC 179 and bonus depreciation.)

Group of answer choices

$2,821

$3,077

$3,526

$3,509

Answer & Explanation Solved by verified expert
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