Question: (100) Please determine the year 3 difference between book and tax basis considering A depreciable asset was acquired on 10/01/2017 Limited Liability Corporation 180,000,000 purchase

  1. (100) Please determine the year 3 difference between book and tax basis considering
    1. A depreciable asset was acquired on 10/01/2017
    2. Limited Liability Corporation
    3. 180,000,000 purchase price.
    4. Assume 21% effective tax rate
    5. For tax depreciation use MACRS annual.
    6. For book use SL.
    7. 27.5 year recovery period
    8. IRS period once a year,

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