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Cost of the equipment 832,500 Purchased on July 1, 2016 Accumulated depreciation (as per Trail balance) 416,250 Depreciation expense (as per Trail balance) 22,200 find
Cost of the equipment 832,500 Purchased on July 1, 2016
Accumulated depreciation (as per Trail balance) 416,250
Depreciation expense (as per Trail balance) 22,200
find the following
.1) Amount that Need to consider in Form 1120 under line no 20 Depreciation.
2) Amount that Need to consider in Form 1120 under Schedule M-1 line No 8a.
use MACRS % and 179 from the year of purchase.
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