On April 16, 2014, a company placed in service an office copier costing $20,000. This was the
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On April 16, 2014, a company placed in service an office copier costing $20,000. This was the only property placed in service during the year. Section 179 was not taken on the copier. The formula to compute the company’s 2014 MACRS deduction on the copier is:
a. $20,000 × 20%.
b. $20,000 × 14.29% × ½.
c. $20,000 × 20% × ½.
d. $20,000 × 14.29%.
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Related Book For
Essentials Of Federal Income Taxation For Individuals And Business
ISBN: 9780808038009
15th Edition
Authors: Linda M. Johnson
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