Pat Snow bought a truck weighing 8,000 lbs. She uses the truck to make deliveries for her
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- Pat Snow bought a truck weighing 8,000 lbs. She uses the truck to make deliveries for her candy business. She bought the truck on July 1, 20X1, at a cost of $25,000. What is the first year's depreciation under the MACRS rules using the following table?
Table A-1 200% DB Half-Year Convention | |||||
Year | 3yr | 5yr | 7yr | 10yr | |
1 | 33.33% | 20.00% | 14.29% | 10.00% | |
2 | 44.45% | 32.00% | 24.49% | 18.00% | |
$3,060 | |||||
$5,000 | |||||
$3,572 | |||||
$2,500 |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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