A nonresidential business building is placed in service by a calendar-year taxpayer on March 3 for $300,000.
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A nonresidential business building is placed in service by a calendar-year taxpayer on March 3 for $300,000.
a. What is the MACRS-GDS property class?
b. Calculate the depreciation deduction for years 1, 4, and 8 if it is kept longer than 8 years.
c. Calculate the depreciation deduction for years 1, 4, and 8 if it is sold on August 12 in the eighth calendar year.
d. Why is it highly unlikely the building will ever be completely depreciated?
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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