Joe purchased a van on February 1, 20X4 for use in his business, Crew Airport Transport. The
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Joe purchased a van on February 1, 20X4 for use in his business, Crew Airport Transport. The van was purchased for $30,000, has an estimated useful life of 10 years, and a salvage value of $2,000. No other assets were put into service that year. What is Joe’s MACRS depreciation for the van in 20X4?
a. $2,567
b. $6,000
c. $10,500
d. $10,267
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Related Book For 
Essentials Of Taxation 2016 Individuals And Business Entities
ISBN: 9781305395305
39th Edition
Authors: William A. Raabe, David M. Maloney, James C. Young, William H. Jr. Hoffman
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