70. Paul Vote purchased the following assets this year (ignore 179 expensing and bonus depreciation when answering
Question:
70. Paul Vote purchased the following assets this year (ignore
§179 expensing and bonus depreciation when answering the questions below):
Asset Purchase Date Basis Machinery May 12 $ 23,500 Computers August 13 20,000 Warehouse December 13 180,000
a. What is Paul’s allowable MACRS depreciation for the property?
b. What is Paul’s allowable alternative minimum tax (AMT)
depreciation for the property? You will need to find the AMT depreciation tables to compute the depreciation.
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Related Book For 
Taxation Of Individuals And Business Entities 2020
ISBN: 9781259969614
11th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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