Question
In 2022, Dr. Arnold Weber, a robotics engineer, acquired these assets to be used in his robotics business: Placed In Service Asset Cost March 28,
In 2022, Dr. Arnold Weber, a robotics engineer, acquired these assets to be used in his robotics business:
| Placed In Service | Asset | Cost |
| March 28, 2022 | Office furniture & fixtures | $28,000 |
| April 1, 2022 | Computers | $35,000 |
| June 20, 2022 | Office supplies (paper, ink cartridges, etc.) | $1,400 |
| October 1, 2022 | 3D Printing equipment | $400,000 |
| December 2, 2022 | 14-yr old horse (Ned) used for 3D printing modeling | $6,000 |
Dr. Weber does not want to take the section 179 election to expense assets or the additional first-year depreciation if available.
In the space provided, determine Dr. Webers cost recovery deduction under MACRS for each qualified asset and the total cost recovery deduction for 2022. You will need to consult the depreciation tables in Chap 8 of the textbook to answer this question.
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The Cybersecurity Body Of Knowledge The ACM IEEE AIS IFIP Recommendations For A Complete Curriculum In Cybersecurity Internal Audit And IT Audit
Authors: Daniel Shoemaker, Anne Kohnke, Ken Sigler
1st Edition
1032400218, 978-1032400211
