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What is the amount of tax cost recovery on this asset

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Reference no: EM132950154

Question - Business A is a calendar-year taxpayer and purchased office equipment for $10 million on March 1,2018. The items were placed in service on May 1, 2018. The asset has a 10- recovery period for GAPP accounting purposes. What is the amount of 2018 tax cost recovery on this asset?

Reference no: EM132950154

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