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Margo, a calendar year taxpayer, paid $580,000 for new machinery (seven-year recovery property) placed in...

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Accounting

Margo, a calendar year taxpayer, paid $580,000 for new machinery (seven-year recovery property) placed in service on August 1, 2017. Use Table 7-2.

How would your computation change if Margo paid $2,750,000 for the machinery. (Deduction=?)

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