Question
Assume MACRS default (200%) tables are to be used for the problems below. The following property was purchased on the following dates at the following
Assume MACRS default (200%) tables are to be used for the problems below.
The following property was purchased on the following dates at the following prices:
5-year equipment, 12/8/15, $58,000
5-year equipment, 8/17/16, $27,000
7-year machinery, 1/10/17, $25,000
What would tax depreciation expense be for the year 2019 for the above assets assuming no immediate expense was taken for any of the assets?
If the 7-year machinery was disposed of on 7/25/19, what would 2019 tax depreciation expense be if the other two pieces of equipment were still in use?
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