M$6$: CH $8$ Homework $[2$ hours$]$

Instructions for Form $2441(2023)|$ inter...

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M$6$: Ch$.8$ Homework $[2$ hours$]$

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Problem $8-6($Algorithmic$)$

Modified Accelerated Cost Recovery System $($MACRS$)$ and Bonus Depreciation $($LO $8\mathrm{.}2)$

Click here to access the depreciation tables.

If required, round intermediate calculations and final answers to nearest dollar.

a$.$ Calculate Holly's total depreciation deduction for the apartments for $2023$ using MACRS and assuming she does not elect out of bonus depreciation.

$x$

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The calculation of depreciation expense for tax purposes involves certain conventions and limitations$.$ the rate is applied is not reduced for prior years' depreciation.

Note: There are different tables for residential realty $($e$.$g$.,$ an apartment building$)$ and nonresidential realty.

b$.$ Calculate Holly's total depreciation deduction for the apartments for $2024$ using MACRS.

$$109,936$

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