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1. Assuming no special election, determine the asset recovery periods, methods and convention under MACRS General Depreciation System (GDS) for the following assets: Asset GDS
1. Assuming no special election, determine the asset recovery periods, methods and convention under MACRS General Depreciation System (GDS) for the following assets: Asset GDS recovery period GDS method GDS convention a. Office Desk 7 years b. Photocopier c. Office computer d. Manufacturing equipment e. 50-unit residential apartment building f. Office building (in service 1/1/18) g. Company-owned car
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