Question
The corporatio uses MACRS depreciation for tax purposes. The corporation purchased all of its equipment on July 1 2014. Corporation took the maximum amount of
The corporatio uses MACRS depreciation for tax purposes. The corporation purchased all of its equipment on July 1 2014. Corporation took the maximum amount of Section 179 depreciation (no bonus depreciation). The equipment is all 7 year property. Cost of the equipment $930,000. What is the amount of depreciation for the tax year 2016?
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
