On june 5 2013 dan purchased and placed in service a

Reference no: EM13590576

On June 5, 2013, Dan purchased and placed in service a seven-year class asset costing $550,000. Determine the maximum cost recovery deduction Dan can take on this asset assuming he elects to take additional first year depreciation.If required round your intermediate computations and final answers to the nearest dollar.

Reference no: EM13590576

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