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During 2018, Axel Corporation purchases machinery (5-year property) for $200,000 and decides not to take...

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Accounting

  1. During 2018, Axel Corporation purchases machinery (5-year property) for $200,000 and decides not to take a Sec. 179 deduction.

    a. Compute maximum tax depreciation for the machinery for 20182023.

b. Compute maximum tax depreciation for 20182023 if Axel does not take a Sec. 179 deduction and elects out of 100% bonus.

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