Question
Maple Company purchases new equipment (7-year MACRS property) on January 10, 2023, at a cost of $430,000. Maple also purchases new machines (5-year MACRS property)
Maple Company purchases new equipment (7-year MACRS property) on January 10, 2023, at a cost of $430,000. Maple also purchases new machines (5-year MACRS property) on July 19, 2023, at a cost of $290,000. Maple wants to maximize its MACRS deductions; assume no taxable income limitations apply. What is Maples total MACRS deduction for 2023?
| a. | $119,447. | |
| b. | $560,000. | |
| c. | $617,148. | |
| d. | $720,000. |
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Corporate Finance, European Edition
Authors: Peter Moles, Robert Parrino, David S. Kidwell
1st Edition
0470683708, 9780470683705
