Question
The United Express Company begins business in August 2018 by purchasing the assets listed in the table below. Refer to the MACRS Depreciation Tables to
The United Express Company begins business in August 2018 by purchasing the assets listed in the table below.
Refer to the MACRS Depreciation Tables to answer the following question.
Note: Round your intermediate computations to the nearest dollar.
AssetCost
Trucks$588,000
Tractor units55,000
Office equipment466,000
If United Express elects not to claim bonus depreciation, the maximum MACRS depreciation on the assets (including a possible Section 179 election) for 2018 would be ...
PD - after deducting the $1,000,000 2019 179 expense, then depreciating what is left of the trucks and the tractor units, i come up with $1,029,133 but this is incorrect.
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