Question
On march 23, 2016 Saturn Corporation purchases a $5,000 computer (5 year) for business-use. ON November 27, 2016 it pays $4,000 for new office furniture
On march 23, 2016 Saturn Corporation purchases a $5,000 computer (5 year) for business-use. ON November 27, 2016 it pays $4,000 for new office furniture (7 year). It does not wish to use the section 179 election to expense. How much depreciation may Saturn deduct on the computer for 2016?
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
