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What is cassies depreciation on the machine

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Reference no: EM131913061

Problem

In May 2016, Cassie acquired a machine for $80,000 to use in her business. The machine is classified as 5-year property. Cassie does not expense the property under Sec. 179 and is a calendar year taxpayer.

What is Cassie's depreciation on the machine in 2016?

How does your answer change, if at all, if Cassie acquired the machine in November 2016?

Reference no: EM131913061

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