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Two years ago, Bethesda Corporation bought a delivery truck for $30,000 (not subject to the luxury auto depreciation limits). Bethesda used MACRS 200 percent declining

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Two years ago, Bethesda Corporation bought a delivery truck for $30,000 (not subject to the luxury auto depreciation limits). Bethesda used MACRS 200 percent declining balance and the half-year convention to recover the cost of the truck, but it did not elect $179 expensing and opled out of bonus depreciation. Answer the questions for the following alternative scenarios. Use MACRS Table. Note: Do not round percentages used for coleulotions. Loss omounts should be indicoted by a minus sign. Leove no answer blank. Enter zero if applicoble. Required: o. Assuming Bethesda used the truck unth it sold it in March of year 3, what depreciation expense can it claim on the truck for years 1 through 3 ? b. Assume that Bethesda claimed $18,500 of depreclation expense on the truck before it sold it in year 3 . What are the amount and character of the gain or loss if Bethesda sold the truck in year 3 for $17,000 and incurred $2,000 of selling expenses on the sale? c. Assume that Bethesda claimed $18,500 of depreciation expense on the truck before it sold it in year 3. What are the amount and character of the gain or loss if Bethesda sold the truck in year 3 for $35,000 and incurred $3,000 of selling expenses on the sale

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