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Sam acquires the following 5-year class property in 2018: Asset Date of Acquisition Cost X April 10 $ 60,000 Y July 25 $ 55,000 Z
Sam acquires the following 5-year class property in 2018:
| Asset | Date of Acquisition | Cost |
| X | April 10 | $ 60,000 |
| Y | July 25 | $ 55,000 |
| Z | December 1 | $ 110,000 |
| $225,000 |
What is Sam's MACRS depreciation for 2018, assuming no Section 179 or bonus depreciation?
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
