23 On 6/2/93, Brad sold the car purchased in Y1 for $7,500. On 10/3/93, Brad sold the equipment purchased in Y2 for $9000. 3) What's Brad's total depreciation deduction in Y3? Intangibles-Goodwill M purchased a business for $500,000 on 1/1/X1. The business has the following assets: Accounts Receivable $40,000 Land with a FMV of $90,000 Building with a FMV of $100,000 X 2461 Equipment (7-year MACRS) with FMV of $150,000 Total FMV of identifiable assets $380,000 Goodwill comprises the remainder paid $120,000/18012 Total purchase price of business $500,000 Compute the MACRS and amortization deduction for Y1. 23 On 6/2/93, Brad sold the car purchased in Y1 for $7,500. On 10/3/93, Brad sold the equipment purchased in Y2 for $9000. 3) What's Brad's total depreciation deduction in Y3? Intangibles-Goodwill M purchased a business for $500,000 on 1/1/X1. The business has the following assets: Accounts Receivable $40,000 Land with a FMV of $90,000 Building with a FMV of $100,000 X 2461 Equipment (7-year MACRS) with FMV of $150,000 Total FMV of identifiable assets $380,000 Goodwill comprises the remainder paid $120,000/18012 Total purchase price of business $500,000 Compute the MACRS and amortization deduction for Y1