Compute regular depreciation for new assets

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Reference no: EM131884467

Question: Compute regular depreciation for the following new assets ( consider Section 179, and bonus depreciation).

(a) Business equipment purchased in February for $2,150,000 which has a salvage value of $15,000.

(b) Business car purchased in May for $42,000, which is used 100% for business and has no salvage value.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131884467

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