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Sheena Maskell Sheena Maskell
wrote...
Posts: 1902
2 years ago
On January 3, 2008, John acquired and placed into service business tools costing $10,000. The tools have a 3-year class life. No other assets were purchased during that year. The depreciation in 2011 for those tools is (ignoring Sec. 179)
A) $-0-.
B) $741.
C) $1,920.
D) $3,333.
Textbook 

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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MsLippyMsLippy
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Posts: 1848
2 years ago
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B
Here's why: (0.0741 × $10,000) = $741 per MACRS tables.
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wrote...
2 years ago
Thank you so much
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