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What is the amount of depreciation for the tax year

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Reference no: EM131714216

Question - The Corporation uses MACRS depreciation for tax purposes. The corporation purchased all of its equipment on July 1 2014. Corporation took the maximum amount of Section 179 depreciation (no bonus depreciation). The equipment is all 7 year property.

Cost of the equipment $930,000

What is the amount of depreciation for the tax year 2016?

Reference no: EM131714216

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