Euclid acquires a 7-year class asset on may 9 2015 for
Euclid acquires a 7-year class asset on May 9, 2015, for $80,000. Euclid does not elect immediate expensing under 179. She does not claim any available additional first-year depreciation. Calculate Euclid's cost recovery deduction for 2015 and 2016.
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euclid acquires a 7-year class asset on may 9 2015 for 80000 euclid does not elect immediate expensing under 179 she
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