Determination of tax depreciation. Mike purchased a new lawn tractor for $6,000 on June 5, 2021, to
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a. Determine Mike’s MACRS depreciation for the first and second years assuming he uses the tractor 70% for business.
b. How would your answer change if he used it 40% for business?
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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