just number 4

MACRS Tables Half Year Convention 3 YR 33.33% 44.45 14.81 7.41 Year 1 2 3 4 5 6 7 8 9 5 YR 20.00% 32.00 19.20 11.52 11.52 5.76 7 YR 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 15 YR 5.00% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 10 11 12 13 14 15 16 Mid Month Convention 39 Year Property Month 1 2 40 0.107 0.321 0.535 0.749 0.963 3 4 5 6 1 2.461% 2.247 2.033 1.819 1.605 1.391 1.177 0.963 0.749 0.535 0.321 0.107 2-39 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 7 8 9 1.177 1.391 1.605 1.819 2.033 2.247 2.461 10 11 12 payer gives a stock portfolio to his daughter as a gift. Taxpayer's basis in the stock on the date of the gift is $10,000. The stock has market value of $150,000 on the date he gift. What is the daughter's basis in this stock immediately after receiving it as a gift? 5150,000 510.000 5140,000 50 QUESTION 4 Taxpayer purchased tangible personal property for $100,000. Taxpayer elects to not take bonus depreciation on this asset Taxpayer also does not take any Sec. 179. The asset has a depreciable life of 7 years. What is the year three regular depreciation deduction for this asset? $100,000 517,490 514290 $24.490 QUESTIONS Which of the following is not an allowable deduction when calculating the taxable margin for Texas Franchise Tax Purposes? Citof Goods SCOGS Compen Napens Type here to search