Question
The MACRS basis of 5-year property acquired on March 3, 20X1 is $10,000. No Section 179 or bonus depreciation is taken on the property. The
The MACRS basis of 5-year property acquired on March 3, 20X1 is $10,000. No Section 179 or bonus depreciation is taken on the property. The property is sold on November 4, 20X2. If the half-year convention applies to personal property acquired in 20X1 and regular (accelerated) MACRS is used, depreciation expense for 20X2 is:
| $2,800 | |
| $2,000 | |
| $1,600 | |
| $1,000 | |
| $3,200 |
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
