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on February 19, 2019, Vanessa purchases a new computer for $5,000 that will be used solely for her business. Using the Vanessa owns a consulting
on February 19, 2019, Vanessa purchases a new computer for $5,000 that will be used solely for her business. Using the Vanessa owns a consulting business that has always been reported as a sole proprietorship on her tax return. Assume that Depreciation depreciation table below compute her depreciation expense for 2019. Assume no bonus depreciation and no Section 1 Cost of asset Depreciation % from Table 207 Months deemed owned in 2019 Regular MACRS Depreciation for 2019 Assume that Vanessa sells this computer on August 3, 2021. What would MACRS depreciation be for the computer for 20212 MACRS Depreciation in 2021 MACRS Accelerated Depreciation Table Recovery Year 1 2 3 4 5 6 7 Property Class 3-Year 5-Year 7-Year 33.33% 20.00% 14.29% 44.45 32.00 24.49 14.81 19.20 17.49 7.41 11.52 12.49 11.52 8.93 5.76 8.92 8.93 4.46 8
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