Just today Ms. Client paid exactly $2.75 million for a brand new, high-speed widget making...
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Accounting
Just today Ms. Client paid exactly $2.75 million for a brand new, high-speed widget making machine, an item of 5-year MACRS property. As her CPA, you prepare a depreciation schedule for her, not featuring any bonus depreciation or 179 election or anything other than the usually applicable convention. What dollar amount does your schedule show as Ms. Clients MACRS deprecia-tion deduction with respect to this machine for the year 2022.
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