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MRT , a calendar year corporation, placed the following assets in service this year. Use Table 7 - 2 and Appendix 7 - A .
MRT a calendar year corporation, placed the following assets in service this year. Use Table and Appendix A
Required:
a Compute MRTs MACRS depreciation with respect to the assets placed in service this year. Assume MRT does not elect to use first
year bonus depreciation or Section
b In December, MRT decided to purchase $ of additional equipment. The corporation could buy the equipment and place it
in service before yearend, or it could postpone the purchase until January. What effect does this decision have on MRTs
depreciation with respect to the assets already in service?
Answer is complete but not entirely correct.
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Required B
In December, MRT decided to purchase $ of additional equipment. The corporation could buy the equipment and place
it in service before yearend, or it could postpone the purchase until January. What effect does this decision have on MRTs
depreciation with respect to the assets already in service?
Note: Round your intermediate computations and final answers to the nearest dollar amount. Round your "percentage"
answers to decimal places ie should be entered as As indicated by the red x in both boxes, $ and $ are both incorrect.
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