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ABC Corp purchased and placed in service the following assets in 2018: a. $ 2,000,000...

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Accounting

ABC Corp purchased and placed in service the following assets in 2018:

a. $ 2,000,000 of 7 year property on 4/15/18, and

b. $2,000,000 of 5 year property on 8/15/18

Calculate ABC's 2018 maximum depreciation deduction under MACRS, sec 170 and bonus depreciation if ABC elects out of bonus depreciation for the 5 year property.

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