Question
How do you calculate bonus depreciation: Situation= Nora own a bakery. She is planning on buying a new oven priced at $10,000 a new baker
How do you calculate bonus depreciation:
Situation= Nora own a bakery. She is planning on buying a new oven priced at $10,000 a new baker display case priced at $5,000, a new connected refrigerator and freezer priced at &7,000, and a used commercial mixer priced at $5,000, and she plans to add some leasehold improvements to the building (work on the air conditioning duct and roofing) priced at $20,000.. Advise how she can apply depreciation, bonus depreciation, andany otherspecial depreciation availablefor these assets she will place in service on the 2/1/16. Be specific in regards to code sections
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