Question: ACCT 538 Chapter 10 extra credit (10 possible points) Triton Industries acquires $400,000 of 7-year MACRS equipment in March 2019. Tritons tax director understands that

ACCT 538 Chapter 10 extra credit (10 possible points)

Triton Industries acquires $400,000 of 7-year MACRS equipment in March 2019. Tritons tax director

understands that there are three ways that Triton can recover the cost of the equipment: (1) expense it

(2) bonus depreciation (3) regular depreciation.

REQUIRED:

Complete the following table (6 points)

Tax year Section 179 expense Bonus Depreciation Regular Depreciation
2019
2020

YOU MUST show the computation of the regular depreciation WITHOUT using the percentage shown in

the cost recovery tables. That is,

you must show me

how the cost recovery deduction is computed step-

by-ste

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