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Ierofanga [76]
3 years ago
15

tahir owns and operates a gym. In 2020, he purchased and placed the following new assets into service for his business: March 17

, a $1,700 sound system; July 4, a $500 desk; September 2, a $2,000 computer. He did not opt out of bonus depreciation. What is the total 2020 depreciation for the desk
Business
1 answer:
pav-90 [236]3 years ago
3 0

Answer:

$500

Explanation:

Since the Cost of the desk is $500

Also Tahir did not pt out for the bonus depreciation so in this case the 100% cost to be claimed as the bonus depreciation for the year 2020 with respect to the qualifying assets that are purchased in the year 2020

Hence, the total depreciation for the desk in the year is $500 and the same is to be considered

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