Question: Do Norwell and Sazabi Inc. problems, please show calculation thanks! ur3 tat 0asis equais its manufacturing cost of the 12,000 containers C)-0- D) None of

 Do Norwell and Sazabi Inc. problems, please show calculation thanks! ur3

Do Norwell and Sazabi Inc. problems, please show calculation thanks!

ur3 tat 0asis equais its manufacturing cost of the 12,000 containers C)-0- D) None of the above 1) Norwell Company purchased $1,413,200 of new business equipment on July 10, 2014 This was Norwell's only asset purchase for its 2014 taxable year. Compute Norwell's total tax depreciation deduction for this 7-year recovery property A) $201,946 B) $1,021,848 C) $1,413,200 D) $956,600 ) Szabi Inc., a calendar year taxpayer, purchased two assets during 2014: a machine costing $380,000 and computer equipment costing $403,500. The machine is 7-year recovery property and the computer equipment is 5-year recovery property. Which of the following statements is rue? A) Szabi is indifferent as to which costs to expense. B) Szabi must elect to expense $250,000 of the cost of the machine and $250,000 of C) Szabi should elect to expense the $403,500 cost of the computer equipment D) Szabi should elect to expense the $380,000 cost of the machine and $120,000 of the cost of the computer equipment. machine and $96,500 of the cost of the machine. the cost of the computer equipment. Aumust 10. JebSim elect

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