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Calculate the Euclid cost recovery deduction

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Reference no: EM132464530

Problem - Euclid acquires a 7-year class asset on May 9, 2017, for $148,300. Euclid does not elect immediate expensing under § 179. He does not claim any available additional first-year depreciation.

Required - Calculate the Euclid's cost recovery deduction for 2017 and for 2018.

Reference no: EM132464530

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