Casper used the following assets in his Schedule C trade or business in the tax year 2014:
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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 Caspers business. Correctly report the amounts on Form 4562.
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Related Book For
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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