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

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

a. $500
b. $715
c. $960
d. $1,000

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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 computer on August 24, year 3. This is

Question:

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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ANSWER The MACRS depreciation in year 3 for the computer is 960 EXPL...View the full answer

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

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