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1 points 03 1 01:14:14 eBook Problem 07-14 (Algo) [LO 7-5] Herelt, Incorporated, a calendar year taxpayer, purchased equipment for $386,000 and placed it
1 points 03 1 01:14:14 eBook Problem 07-14 (Algo) [LO 7-5] Herelt, Incorporated, a calendar year taxpayer, purchased equipment for $386,000 and placed it in service on April 1, 2022. The equipment was seven-year recovery property, and Herelt used the half-year convention to compute MACRS depreciation. Use Table 7-2 Required: a. Compute Herelt's MACRS depreciation with respect to the equipment for 2022 and 2023. b. Compute Herelt's adjusted basis in the equipment on December 31, 2023. c. Compute Herelt's MACRS depreciation for 2024 if it disposes of the equipment on February 9, 2024. Ask Print References Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Herelt's MACRS depreciation with respect to the equipment for 2022 and 2023. Note: Round your final answers to the nearest whole dollar amount. Depreciation 2022 2023 Required A Required B >
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