Question
In September 2021, Callie acquired an asset for $20,000 to use in her business. The asset is classified as 5-year property under MACRS. In October,
In September 2021, Callie acquired an asset for $20,000 to use in her business. The asset is classified as 5-year property under MACRS. In October, Callie acquired an asset for $15,000 to use in her business. The asset is classified as 5-year property under MACRS. Callie does not expense any property under Sec. 179 or bonus depreciation. Callie's depreciation for 2021 is?
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Public Sector Accounting And Budgeting For Non-Specialists
Authors: G. Jan Van Helden, Ron Hodges
1st Edition
1137376988, 9781137376985
