Veronica purchased two assets during the current year. Veronica placed in service computer equipment (5-year...
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Accounting
Veronica purchased two assets during the current year. Veronica placed in service computer equipment (5-year property) on May 26th with a basis of $10,000 and machinery (7-year property) on December 9th with a basis of $10,000. Calculate the maximum depreciation expense (ignoring 179 and bonus depreciation).
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