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Clipboard 16 3 25 Steve purchased two assets in 2018. A 5 year asset for...

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Accounting

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Clipboard 16 3 25 Steve purchased two assets in 2018. A 5 year asset for 70,000 on 10/30/18 and a 7 year asset for 26 $100,000 on 2/9/18. Steve does not want to take Section 179 Depreciation or additional first year 27 depreciation in 2018. Calculate the deprecation expense for 2018. Steve sells the 5 year asset on 28 8/17/19. Calculate the total depreciation expense for both assets in 2019. 29 30 2018 31 32 2019: 34 35 36 37 38 Problems Sheet2 Sheet3 O Type here to search

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