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i have no idea what im doing wrong. i felt confident doing this until i checked my answers. please help on both A and B
i have no idea what im doing wrong. i felt confident doing this until i checked my answers. please help on both A and B
Required information [The following information applies to the questions displayed below.] Harris Corporation is a technology start-up in its second year of operations. The company didn't purchase any assets this year but purchased the following assets in the prior year: Harris did not know depreciation was tax deductible until it hired an accountant this year and didn't claim any depreciation deduction in its first year of operation. (Use MACRS Table 1 and Table 2.) What is the maximum amount of depreciation deduction Harris Corporation can deduct in its second year of operation? Dote: Leave no answer blank. Enter zero if applicable. Answer is complete but not entirely correct. Required information [The following information applies to the questions displayed below.] Harris Corporation is a technology start-up in its second year of operations. The company didn't purchase any assets this year but purchased the following assets in the prior year: Harris did not know depreciation was tax deductible until it hired an accountant this year and didn't claim any depreciation deduction in its first year of operation. (Use MACRS Table 1 and Table 2.) b. What is the basis of the office equipment at the end of the second year? Note: Leave no answer blank. Enter zero if applicable. Answer is complete but not entirely correct Step by Step Solution
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