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Assuming all of the equipment is depreciated under Class A, how much is depreciable for each asset in Year 1?

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Question

In Year 1, Tom purchases various assets for her business as follows;January 20 ? purchases equipment for $800 with a recovery period of 7 years;February 2 ? purchases equipment for $2000 with a recovery period of 5 years;July 18 ? purchases equipment for $2500 with a recovery period of 7 years;September 12 ? purchases equipment for $1200 with a recovery period of 7 years;January 1 ? purchases a building for $400,000 with a recovery period of 39 years;December 1 ? purchases equipment for $3500 with a recovery period of 5 years;Assuming all of the equipment is depreciated under Class A, how much is depreciable for each asset in Year 1?

 

Paper#20444 | Written in 18-Jul-2015

Price : $42
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