Question
Ketz Manufacturing Co. purchased a business use only car for $22,000 on July 1, 2017. The car's salvage value is expected to be $3,000. Ignoring
Ketz Manufacturing Co. purchased a business use only car for $22,000 on July 1, 2017. The car's salvage value is expected to be $3,000. Ignoring bonus depreciation and Section 179, what is the MACRS depreciation for this vehicle in 2017, assuming less than 40% of all purchases occurred in the fourth quarter of the year?
| $3,144 |
| $11,000 |
| $7,040 |
| $4,400 |
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Managerial Accounting
Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.
1st Edition
0138129711, 978-0138129712
