Determine the class life, MACRS recovery period, and ADS recovery period of each of the following assets

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Determine the class life, MACRS recovery period, and ADS recovery period of each of the following assets acquired for a sports bar:
a. Pool table
b. Safe
c. Photocopying machines
d. Pickup truck
e. Electronic video games
f. Brewing tanks for the bar's microbrewery
g. Four-year-old racehorse named Go for the Brew purchased by the bar owners and raced locally
h. Point-of-sale computerized cash registers

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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