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Michael is a professional musician who purchased an amplifier system on September 1, 2022, for...

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Accounting

Michael is a professional musician who purchased an amplifier system on September 1, 2022, for $22,000. The system is five-year recovery property and was the only asset purchased during the year. Michael elected not to claim section 179 expense or bonus depreciation. Compute the 2022 MACRS depreciation.

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