Part I. IRS Publication 534 and Publication 946 Determine the amount of depreciation allowed for each case: Case 1: A taxpayer bought and put into use a piece of machinery in 2012 that cost him $90,000 with a useful life of 7 years. Determine the depreciation expense for recovery year 3. Case 2: A taxpayer bought and put into use a piece of machinery in 2012 that cost him $200,000 with a useful life of 5 years. Determine the depreciation expense for recovery year 5.

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Q: None

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A:

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Q: 5

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