Question: Herelt, Incorporated, a calendar year taxpayer, purchased equipment for $ 3 9 9 , 2 0 0 and placed it in service on April 1

Herelt, Incorporated, a calendar year taxpayer, purchased equipment for $399,200 and placed it in service on April 1,2023. The equipment was seven-year recovery property, and Herelt used the half-year convention to compute MACRS depreciation. (Refer to MACRS for Business Personalty Half-Year Convention)
Required:
A: Compute Herelts MACRS depreciation with respect to the equipment for 2023 and 2024.
B: Compute Herelts adjusted basis in the equipment on December 31,2024.
C: Compute Herelts MACRS depreciation for 2025 if it disposes of the equipment on February 9,2025.
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Herelt, Incorporated, a calendar year taxpayer,

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