The United Express Company begins business in August 2016 by purchasing the assets listed in the table

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The United Express Company begins business in August 2016 by purchasing the assets listed in the table below. 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 2017

ISBN: 9781305965119

24th Edition

Authors: Kevin E. Murphy, Mark Higgins

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Question Posted: Feb 24, 2017 09:32 AM

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The United Express Company begins business in August 2016 by purchasing the assets listed in the table

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To claim the maximum MACRS depreciation the company should elect to exp...View the full answer

Concepts In Federal Taxation 2017

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