Question
Starnell acquired the following new assets during 2020: Date Asset Cost January 4 Computers and peripheral equipment $10,000 June 2 Truck (not subject to any
Starnell acquired the following new assets during 2020:
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Starnell does not elect immediate expensing under 179 but elects additional first-year depreciation for the computers.
If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem.
a. What MACRS convention applies to the assets?
b. What class of property is each asset for MACRS?
c. The cost recovery for the current year is:
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