Calculate vendal maximum depreciation deduction

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Reference no: EM132058041

Question - Vendal Corporation (calendar year corporation) purchased and placed into service $2,300,000 of new office furniture (7-year property) on October 15, 2015.

A. Calculate Vendal's maximum depreciation deduction for 2015.

B. Assuming the maximum depreciation deduction was taken in 2015, calculate Vendal's 2016 depreciation deduction.

Reference no: EM132058041

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