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George Purchases Used Seven-Year Class Property at a Cost of $200,000

Question 77

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George purchases used seven-year class property at a cost of $200,000 on April 20, 2018. Determine George's cost recovery deduction for 2018 for alternative minimum tax purposes, assuming George does not elect § 179 and does not take additional first-year depreciation.


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

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