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1 . Janey purchased machinery on April 8 of the current year. The relevant costs for the year are as follows: machinery for $ 1
Janey purchased machinery on April of the current year. The relevant costs for the year are as follows: machinery for $ $ shipping, $ for delivery insurance, $ for installation, $ for sales tax, $ for the annual tuneup and $ of property taxes an annual tax on business property What is Janey\'s tax basis for the machinery? Calculate the maximum depreciation expense ignoring and bonus depreciation.
Jaussi purchased a computer several years ago for $ and used it for personal purposes. On November of the current year, when the fair market value of the computer was $ Jaussi converted it to business use. This is the only asset Jaussi placed in service during the tax year. What is Jaussi\'s tax basis for the computer? Calculate the maximum depreciation expense ignoring and bonus depreciation.
Roth LLC purchased only one asset during the current year. On August Roth placed in service office equipment sevenyear property with a basis of $ Calculate the maximum depreciation expense ignoring and bonus depreciation.
Eddie purchased only one asset during the current year. On November Eddie placed in service furniture with a basis of $ Calculate the maximum depreciation deduction ignoring and bonus depreciation.
Amit purchased an automobile this year for $ He used it for business. How much can he deduct if he does not take bonus depreciation?
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