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Calculate the following deductions as the tax code allows. $1,000 spend on Land, sold in year 20. $1,000 spend on 7 Year MACRS equipment, put
Calculate the following deductions as the tax code allows.
$1,000 spend on Land, sold in year 20.
$1,000 spend on 7 Year MACRS equipment, put in service in year one.
$1,000 Spend on Working Capital, sold in year 10.
$1,000 Spend on a Commercial Building, start depreciation in March of year one.
$1,000 Spend on a Patent with a life of 6 years, with the 1/2 year convention. Start Amortization in year one.
After you have all of the following deduction calculated please calculate the Present Worth of the taxes you will save using a 15% discount rate.
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