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Business, 16.11.2019 03:31 tadeebun

Bonnie purchased a camera (5 year property) for use in her sole proprietorship. the basis of the camera was $3,000. bonnie used the camera in her business 80 percent of the time and used it for personal purposes the rest of the time during the first year. calculate bonnie’s depreciation expense during the first year assuming the sole proprietorship had a loss during the year:

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