Question
You are going to have to make a depreciation schedule to be used for tax purposes for the following description: A company purchased a
You are going to have to make a depreciation schedule to be used for tax purposes for the following description: A company purchased a barge costing $801,000 in February 2016 and placed it in service. The total amount of MACRS properties the company placed in service during the last three months of 2016 were 60% of the total amount of all MACRS properties the company placed in service during 2016. The company's tax year starts on January 1st and ends on December 31st. What is the second year (2017) book value of the barge? (Answer with an integer; Round to the nearest integer)
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
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