Question
oe purchased a van on February 1, 2017 for use in his business, Crew Airport Transport. The van was purchased for $30,000, has an estimated
oe purchased a van on February 1, 2017 for use in his business, Crew Airport Transport. The van was purchased for $30,000, has an estimated useful life of 10 years, and a salvage value of $2,000. No other assets were put into service that year. Joe does not take 179 or additional first year depreciation. What is Joe's MACRS depreciation for the van for 2017?
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Financial Accounting Information for Decisions
Authors: John Wild
7th edition
78025893, 978-0078025891
