Question: Under the modified accelerated cost recovery system ( MACRS ) of depreciation for property placed in service after 1 9 8 6 : Used tangible

Under the modified accelerated cost recovery system (MACRS) of depreciation for property placed in service after 1986:
Used tangible depreciable property is excluded from the computation.
Salvage value is ignored for purposes of computing the MACRS deduction.
No type of straight-line depreciation is allowable.
For 2023, the expensing election is phased out completely for a year when a taxpayer's investment in qualified property for that year reaches $1,220,000.
Under the modified accelerated cost recovery

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