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18. Data, Inc., purchased and placed in service a $5,000 computer on August 24, year 3. This is the only asset purchase during the year.
18. Data, Inc., purchased and placed in service a $5,000 computer on August 24, year 3. This is
the only asset purchase during the year. Section 179 expensing was not elected. Using the excerpt of the MACRS half-year convention table below, what is the MACRS depreciation in year 3 for the computer?
Recovery Period | 5-Year | 7-Year | 10-Year |
1 | 20% | 14.29% | 10% |
2 | 32% | 24.49% | 18% |
3 | 19.2% | 17.49% | 14.4% |
a. $500
b. $715
c. $960
d. $1,000
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