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Calculate the current year (2021) depreciation for the following asset. Machinery (7-year property) purchased on...

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Accounting

Calculate the current year (2021) depreciation for the following asset. Machinery (7-year property) purchased on 6/30/2020 for $22000. This was the only asset purchased in 2020. No bonus depreciation or section 179 bonus depreciation was taken on the asset.

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