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tekilochka [14]
3 years ago
8

On january 2, 2017, orange corporation purchased equipment for $300,000 with an ads recovery period of 10 years and a macrs usef

ul life of 7 years. section 179 was not elected. macrs depreciation properly claimed on the asset, including depreciation in the year of sale, totaled $79,605. the equipment was sold on july 1, 2018, for $290,000. as a result of the sale, the adjustment to taxable income needed to arrive at current e & p is:
Business
1 answer:
Roman55 [17]3 years ago
5 0
<span>Decrease $49,605 
could you mark brainliest please?</span>
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The correct answer is option D.

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At the same time, the increase in the price of fermenting vats will increase the cost of producing beer. This will cause the supply of beer to decrease.  

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