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Calculate Euclid cost recovery deduction

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Question - Euclid acquires a 7-year class asset on May 9, 2020, for $232,900 (the only asset acquired during the year). Euclid does not elect immediate expensing under § 179. He does not claim any available additional first-year depreciation. Calculate Euclid's cost recovery deduction for 2020 and 2021.

Reference no: EM132761065

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