Question
In June of the current year, Don Miller purchased new manufacturing equipment (seven-year property) for use in his business. The cost of the equipment was
In June of the current year, Don Miller purchased new manufacturing equipment (seven-year property) for use in his business. The cost of the equipment was $14,300. Set-up charges totaled $2,700. Don does not use Section 179.
What is the first-year cost recovery deduction using the MACRS table?
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
