Question
During 2022, Mint, Inc. placed the office building into service. Asset Cost Placed in Service Date Office Building 1,000,000 11/15/2022 Mint, Inc. has elected out
During 2022, Mint, Inc. placed the office building into service.
| Asset | Cost | Placed in Service Date |
| Office Building | 1,000,000 | 11/15/2022 |
Mint, Inc. has elected out of bonus depreciation and did not claim Section 179 depreciation. Mint used the default depreciation method.
What is the depreciation deduction in 2022? (Use MACRS rate)
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Selected Materials From Managerial Accounting
Authors: Ray H. Garrison
12th Edition
0077331559, 978-0077331559
