Calculate the following: a. The first year of depreciation on a residential rental building costing 200,000 purchased

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Calculate the following:

a. The first year of depreciation on a residential rental building costing 200,000 purchased on May 2, 2012.

b. The second year of depreciation on a computer costing 3,000 purchased in May 2011, using the half year convention and accelerated depreciation

c. The first year of depreciation on a computer costing 4,000 purchased in May 2012, use half year convention, straight-line depreciation

d. The third year of depreciation on business furniture costing 10,000 purchased in March 2010, using half-year convention and accelerated depreciation


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Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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