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Michael is a professional musician who purchased an amplifier system on September 1, 2020, for $22,000. The system is five-year recovery property and was
Michael is a professional musician who purchased an amplifier system on September 1, 2020, for $22,000. The system is five-year recovery property and was the only asset purchased during the year. Michael elected not to claim section 179 expense or bonus depreciation. Compute the 2020 MACRS depreciation.
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
111950242X, 1-119-50242-5, 978-1119502425
