Question: Hello, Looking for asset depreciation calculations on each with current year MACRS expense for the below GPE had the following fixed assets in service: GPE
Hello, Looking for asset depreciation calculations on each with current year MACRS expense for the below

GPE had the following fixed assets in service: GPE would like to take advantage of 179 expensing, but elects out of bonus depreciation, for purchases in 2022. The company has not taken either of these additional depreciation options in prior years. GPE listed some equipment for sale. The computer equipment, purchased on 10/31/2020, sold on 03/15/2022 for $421,000. They also sold the packaging equipment, purchased on 9/22/2021, on 12/15/2022 for $462,000
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
