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James Purchased a New Business Asset (Three-Year Personalty)on July 23,2013,at

Question 6

Multiple Choice

James purchased a new business asset (three-year personalty) on July 23,2013,at a cost of $40,000.James takes additional first-year depreciation Determine the cost recovery deduction for 2013.


A) $8,333
B) $26,666
C) $33,333
D) $41,665
E) None of these

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