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IceJOKER [234]
3 years ago
13

Mike purchases a new heavy-duty truck (5 year class recovery property)I for his delivery service on March 30.2019. No other asse

ts were purchased during the year. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations.
the truck has a depreciable basis of $42,000 and an estimated life of 5 years. Assume half year convention for tax.
Calculate the amount of depreciation for 2019 using the straight line depreciation(not the straight line MACRS election)over the truck
's useful life.
Business
1 answer:
zzz [600]3 years ago
4 0

Answer:

i dont know sorry

Explanation:

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2 years ago
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3 years ago
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3 years ago
Perdue Company purchased equipment on April 1 for $67,500. The equipment was expected to have a useful life of three years, or 4
Tomtit [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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