A calendar year taxpayer purchased equipment for 3200000

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Reference no: EM13577238

A.X a calendar year taxpayer, purchased equipment for $3,200,000 and placed it in service on March 24, 2011. The equipment was seven-year recovery property and was the only depreciable asset that X purchased during 2011.

a. Compute X maximum cost recovery deduction with respect to the equipment for 2011 Assume 50% bonus depreciation applies.

Reference no: EM13577238

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