Data, Inc., purchased and placed in service a $5,000 computer on August 24, year 3- This is
Question:
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. Section 179 expensing was 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
Transcribed Image Text:
5-Year 7-Year 10-Year Recovery Period 1 20% 14.29% 10% 18% 32% 24.49% 19.2% 17.49% 14.4%
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Related Book For
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th Edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
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