Question: Please help me complete the chart. 1) Complete chart Asset type Examples of asset Basic rules Cost recovery type[e.g. MACRS 7 year recovery] Eligible for

Please help me complete the chart.Please help me complete the chart. 1) Complete chart Asset type Examples

1) Complete chart Asset type Examples of asset Basic rules Cost recovery type[e.g. MACRS 7 year recovery] Eligible for Sec 179 or bonus depreciation Personal property-half year convention Personal property-mid quarter convention Personal property - listed Real property- residential Real property - commercial Land Intangibles - Sec 197 Intangibles - organizational expenditures and start- up costs Intangibles -Research and experimentation costs Intangibles - Patents and copyrights

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