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29-05-2024
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What is the UBIA of the following asset? A piece of machinery purchased for $4,000 and immediately placed into service. The first year a Section 179 deduction of $2,000 was taken, in addition to bonus depreciation of $1,000 and regular depreciation of $200.
a. $800.
b. $2000
c. $2800
d. $4000

Answer :

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