Beth's business purchased only one asset during the current year (a full 12-month tax year)....
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Accounting
Beth's business purchased only one asset during the current year (a full 12-month tax year). On December 1 Beth placed in service machinery (seven-year property) with a basis of $51,000. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation). (Use MACRS Table 2.) (Round final answer to the nearest whole number.)
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