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Sid Bought a New $1,320,000 Seven-Year Class Asset on August

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Sid bought a new $1,320,000 seven-year class asset on August 2, 2018. On December 2, 2018, he purchased $800,000 of used five-year class assets. If Sid elects § 179 and does not take additional first-year depreciation, what is the maximum cost recovery deduction for these purchases for 2018?


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The methods and strategies used by organizations and individuals to solicit and collect financial contributions for various purposes.

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The 42nd President of the United States, serving from 1993 to 2001, known for a period of economic prosperity and the Monica Lewinsky scandal.

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A legal officer appointed to investigate, and potentially prosecute, cases of legal or governmental wrongdoing, often where there is a conflict of interest for regular prosecutors.

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