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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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92712814

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