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George Purchases Used Seven­year Class Property at a Cost of $200,000

Question 5

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George purchases used seven­year class property at a cost of $200,000 on April 20,2014.Determine George's cost recovery deduction for 2014 for alternative minimum tax purposes,assuming George does not elect § 179.


A) $2,500
B) $10,000
C) $14,280
D) $28,580
E) None of these

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