The United Express Company begins business in August 2011 by purchasing the assets listed in the table

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The United Express Company begins business in August 2011 by purchasing the assets listed in the table below. If United Express elects not to claim bonus depreciation, calculate the maximum MACRS depreciation on the assets.

Asset Cost

Trucks .............................. $ 98,000

Tractor units ...................... 55,000

Office equipment ............ 466,000

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 02:33 AM

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The United Express Company begins business in August 2011 by purchasing the assets listed in the table

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Concepts In Federal Taxation

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