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More Info - X Truck (light-duty, modified non-personal use) costing $18,000: Placed in service on March 3, 2019 with a 5-year MACRS recovery period. Machinery
More Info - X Truck (light-duty, modified non-personal use) costing $18,000: Placed in service on March 3, 2019 with a 5-year MACRS recovery period. Machinery costing $98,000: Placed in service on November 15, 2019 with a 7-year MACRS recovery period. Land costing $82,000: Placed in service on October 12, 2019. Building costing $250,000: Placed in service on December 4, 2019 with a 39-year MACRS recovery period. Print Done (Click the icon to view the MACRS half-year convention rates.) Wide Corporation acquired and placed in service the following 100% business-use assets. Wide did not claim Sec. 179 or bonus depreciation expensing on any of these properties. a (Click the icon to view the business-use assets.) (Click the icon to view the MACRS mid-quarter convention rates for property placed in service in the first quarter.) (Click the icon to view the MACRS mid-quarter convention rates for property placed in service in the fourth quarter.) (Click the icon to view the MACRS straight-line rates for 39-year property.) Read the requirements. Requirement a. What is Wide's total depreciation deduction in 2019? (Use MACRS rates to three decimal places, X.XXX%. Round all amounts to the nearest dollar. Complete all input fields. Enter a "0" if no depreciation is allowed.) Asset 2019 Depreciation Truck Machinery Land Building Total depreciation
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