In May 2018 Gordon acquired a machine for $8,500 for use in his business. The...
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Accounting
In May 2018 Gordon acquired a machine for $8,500 for use in his business. The machine is classified as 5-year property. He made no election to expense under section 179 but claimed the 50% bonus depreciation in 2013. Compute the amount of depreciation expense for the current year.
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