Question
Axl purchased and placed in service the following fixed assets for his business: Furniture & fixtures (new) costing $21,000 on February 15, 2016 Computer equipment
Axl purchased and placed in service the following fixed assets for his business:
Furniture & fixtures (new) costing $21,000 on February 15, 2016
Computer equipment (new) costing $5,000 on February 10, 2016
Furniture & fixtures (used) costing $2,000 on November 1, 2016
Office building costing $200,000 on October 3, 2016
Axl has decided not to elect the immediate expensing under ยง179 but will take the additional first-year bonus depreciation where available.
Show depreciation calculation.
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South Western Federal Taxation Individual Income Taxes 2018
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
41st Edition
1337385891, 1337385893, 1337389501, 978-1337385893
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