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acct618 depreciation

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solution


Question

In January 2011, JIM, purchased $350,000 of new MACRS (Modified Accelerated Cost Recovery System) 5-year property in the United States. This equipment was placed in service May 1, 2011. JIM wants to take as much depreciation in 2011 as possible.;Calculate the depreciation for 2011

 

Paper#74727 | Written in 18-Jul-2015

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