Phillip's new corporation, Oasis Computers, purchased two assets during the current year. On May 26th...
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Phillip's new corporation, Oasis Computers, purchased two assets during the current year. On May 26th Oasis placed in service computer equipment (five-year property) with a basis of $10,000 and on December 9th placed in service machinery (seven-year property) with a basis of $10,000. Calculate the maximum depreciation deduction (ignoring 179 and bonus depreciation).
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