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What is the UBIA of the following asset? A piece of machinery purchased for $4,000...

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Accounting

What is the UBIA of the following asset? A piece of machinery purchased for $4,000 and immediately placed into service. In the first year, a Section 179 deduction of $2,000 was taken, in addition to bonus depreciation of $1,000, and regular depreciation of $200.

$800

$2,000

$2,800

$4,000

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