Question: During 2014 Palo Fiero purchases the following property for use
During 2014, Palo Fiero purchases the following property for use in his calendar year-end manufacturing business:
Palo uses the accelerated depreciation method under MACRS, if available, and does not make the election to expense or take bonus depreciation. Use Form 4562 on Pages 7-37 and 7-38 to report Palo’s depreciation expense for 2014.
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