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Problem #2 (7 points) Show all work In September of 2012, I purchased & put into service a tractor (another one) for my farm at
Problem #2 (7 points) Show all work
In September of 2012, I purchased & put into service a tractor (another one) for my farm at a cost of $14,250. It has a useful life of 7 years and will have no salvage value. Assuming my farming company uses MACRS, what is the dollar value of depreciation my tax advisor tells me we can take in the specified years. Read carefully & show all work indicate a $ value for each year listed.
- 2011
- 2012
- 2014
- 2015
- 2018
- 2019
- 2020
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