Question
Mike purchased depreciable assets for his new business on 1/10/2017 New computer equipment (5year property) 8,500 New office furniture and fixtures (7year property) 19,000 Delivery
Mike purchased depreciable assets for his new business on 1/10/2017
New computer equipment (5year property) 8,500
New office furniture and fixtures (7year property) 19,000
Delivery warehouse, including 10% land 85,000
He wants to elect section 179 on the computer. He does not elect out of bonus depreciation
Using form 4562, calculate total depreciation?
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
4th Edition
0730382648, 978-0730382645
