Question
John, a calendar-year taxpayer, placed the following items into service this year: February 3, machine, $2,000. June 16, desk, $1,500. November 10, computer system, $5,000.
John, a calendar-year taxpayer, placed the following items into service this year:
- February 3, machine, $2,000.
- June 16, desk, $1,500.
- November 10, computer system, $5,000.
No Section-179 deduction or bonus depreciation was claimed.
Which depreciation convention is John required to use for the desk?
Step by Step Solution
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For the desk the depreciation convention which John is require...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
