Question
A manufacturer of aerospace products purchased three flexible assembly cells for $470,000 each. Delivery and insurance charges were $30,000? and installation of the cells cost
A manufacturer of aerospace products purchased three flexible assembly cells for $470,000 each. Delivery and insurance charges were $30,000? and installation of the cells cost another $53,000.
a. Determine the cost basis of the three cells.
b. What is the class life of the? cells?
c. What is the MACRS depreciation in year seven??
d. If the cells are sold to another company for $100,000 each at the end of year six?, how much is the recaptured? depreciation?
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The Official IRS Tax Guide To Auditing Horse Activities Prepare Your Horse Operation To Withstand An IRS Audit Using The Samw Manual IRS Agents Use
Authors: IRS
1st Edition
092934670X, 978-0929346700
