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In october it purchased 725000 of used machinery what is

Question - Chipper, a calendar-year corporation, purchased new machinery for $475,000 in February, 2010. In October, it purchased $725,000 of used machinery. What is Chippers maximum cost recovery deduction for 2010?

1. $1,200,000

2. $857,160

3. $322,758

4. $171,480

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Accounting Basics: In october it purchased 725000 of used machinery what is

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