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all what I need is part D thank you Question 5 of 10 Check My Work Sunnyland Orange Groves planted fruit trees valued at $380,000
all what I need is part D thank you
Question 5 of 10 Check My Work Sunnyland Orange Groves planted fruit trees valued at $380,000 on September 5, 2014. The accountant for the company took a $70,000 section 179 deduction, and the asset is entitled to a special depreciation allowance. a. What is the basis for depreciation of the fruit trees? Use rounded answer value for subsequent calculations, Click here for Table 17-4 155000 b. What is the property class for this asset under MACRS? Enter the appropriate number. Click here for Table 17-1 10 year property c. What is the percentage for the sixth year of depreciation for this property? Round your answer to two decimal places. Do not enter the percent symbol in your answer. Click here for Table 17-2 7.37 % d. What is the amount of the depreciation expense in the final year of write-off? Round your answer to the nearest cent. $114235Step by Step Solution
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