Question
Trout Company purchased an Orange XTZ computer in Year 1 for $30,000. Trout did not elect a Sec. 179 deduction or bonus depreciation for the
Trout Company purchased an Orange XTZ computer in Year 1 for $30,000. Trout did not elect a Sec. 179 deduction or bonus depreciation for the computer, which has an ADR midpoint life of 6 years and is 5-year recovery period property. Trout sold this computer on September 1, Year 3. What is the amount of Trouts MACRS deduction in Year 3?
A) $0
B) $2,880
C) $5,760
D) $3,840
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Financial Accounting Longman Modular Texts In Business And Economics
Authors: Christopher Waterston, Anne Britton
2nd Edition
058238169X, 978-0582381698
