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Rob placed in service the following property in 2020: 5-year property costing $10,000 in April and 7-year property costing $50,000 in December. No other property
Rob placed in service the following property in 2020: 5-year property costing $10,000 in April and 7-year property costing $50,000 in December. No other property was placed in service during the year. Sec. 179 was not elected and Rob elected out of bonus depreciation. 2020 depreciation was:
The answer is $4,286.
Please show how to calculate MACRS MANUALLY to get this answer. Do not just put in number from MACRS table. I am trying to see how to calculate this manually.
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Auditor Independence Auditing Corporate Governance And Market Confidence
Authors: Ismail Adelopo
1st Edition
1409434702, 978-1409434702
