On february 5 2013 dan purchased and placed in service a, Financial Accounting

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On february 5 2013 dan purchased and placed in service a

On February 5, 2013, Dan purchased and placed in service a 7-year class asset costing $686,400.

Compute the maximum deductions that Dan can claim with respect to this asset in 2013 and 2014.

Note: If required round your intermediate computations and final answers to the nearest dollar.

Dan's total cost recovery deduction for 2013 is $.

Dan's total cost recovery deduction for 2014 is $.

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