Can you return leased property to aaron s

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anonymous

On january 1 2010 sandy a sole proprietor purchased for use in her business a new production machine 7 year property at a cost of 40 000 sandy does not purchase any other property during 2010 and has net income from her business of 80 000 if the standard recovery period table would allow 5 716 of depreciation expense on the 40 000 of equipment purchased in 2010 what is sandy s maximum depreciation deduction including the amount that could be deducted under the election to expense for 2010

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