Question: PLEASE ANSWER THIS QUESTION CORRECTLY WITHOUT USING EXCEL AND I WILL GIVE YOU A THUMBS UP! THANK YOU! A panel truck (MACRS-GDS 5-year property) is

PLEASE ANSWER THIS QUESTION CORRECTLY WITHOUT USING EXCEL AND I WILL GIVE YOU A THUMBS UP! THANK YOU!

A panel truck (MACRS-GDS 5-year property) is purchased for $17,000. The truck is ex- pected to be of use to the company for 6 years, after which it will be sold for $2,500. Calculate the depreciation deduction and the book value during year 4 using MACRS-GDS allowances with 50% bonus depreciation. A panel truck (MACRS-GDS 5-year property) is purchased for $17,000. The truck is ex- pected to be of use to the company for 6 years, after which it will be sold for $2,500. Calculate the depreciation deduction and the book value during year 4 using MACRS-GDS allowances with 50% bonus depreciation

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