Casper used the following assets in his Schedule C trade or business in the tax year 2014:

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Casper used the following assets in his Schedule C trade or business in the tax year 2014:
Casper used the following assets in his Schedule C trade

Casper is a new client and unfortunately does not have a copy of his prior year tax return. He recalls that all of the assets purchased in prior years used MACRS depreciation (no §179 expensewas taken). Casper does not wish to take a §179. Calculate the current year depreciation allowance for Casper€™s business. Correctly report the amounts on Form 4562.

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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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