CH12:Q:4,5,17,21,23 4. What items are needed to compute tax depreciation? 5. Is the depreciation deduction for...
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CH12:Q:4,5,17,21,23 4. What items are needed to compute tax depreciation? 5. Is the depreciation deduction for a particular asset computed the same regardless of when the asset was purchased? Explain 17. Why does listed property have special depreciation rules? 21. Does a taxpayer need IRS approval to switch between cost depletion and percentage depletion? Explain. 23. Are intangible assets depreciated under MACRS qules applicable to tangible assets? Explain CH12:Q:4,5,17,21,23 4. What items are needed to compute tax depreciation? 5. Is the depreciation deduction for a particular asset computed the same regardless of when the asset was purchased? Explain 17. Why does listed property have special depreciation rules? 21. Does a taxpayer need IRS approval to switch between cost depletion and percentage depletion? Explain. 23. Are intangible assets depreciated under MACRS qules applicable to tangible assets? Explain
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