Data, Inc., purchased and placed in service a $5,000 compute on August 24, year 3. This is

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Data, Inc., purchased and placed in service a $5,000 compute on August 24, year 3. This is the only asset purchase during the year. Code § 179 expensing and bonus depreciation were not elected. The computer was sold during year 5. Using the excerpt of the MACRS half-year convention table below, what is the MACRS depreciation in year 5 for the computer?

a. $360
b. $437
c. $480
d. $960

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South-Western Federal Taxation 2022 Essentials Of Taxation Individuals And Business Entities

ISBN: 9780357519431

25th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young, David M. Maloney

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Question Posted: Feb 24, 2022 07:14 AM

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Data, Inc., purchased and placed in service a $5,000 compute on August 24, year 3. This is

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Recovery Perlod 5-Year 7-Year 10-Year 1 20% 14.29% 10% 2 32% 24.49% 18% 3 19.2% 17.49% 14.4%

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Computer falls under 5 year life and therefore 5year table will be used to ...View the full answer

South-Western Federal Taxation 2022 Essentials Of Taxation Individuals And Business Entities

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