Question
Lunar Corporation purchased and placed in service new five-year MACRS equipment costing $800,000 on December 1, 2022. Lunar is the original user of this equipment.
Lunar Corporation purchased and placed in service new five-year MACRS equipment costing $800,000 on December 1, 2022. Lunar is the original user of this equipment. Assume Lunar had no other additions this year, has taxable income of $1 million and wishes to maximize the 2022 total cost recovery (depreciation), including Section 179 and bonus depreciation. What is the total amount of cost recovery (depreciation) allowed for 2022:
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Sound Investing, Chapter 6 - Valuation Of Assets And Liabilities
Authors: Kate Mooney
1st Edition
0071719288, 9780071719285
