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sergey [27]
3 years ago
14

Michael purchased a new office computer system on January 23, 2018, at a cost of $3,791. He does not want to claim bonus depreci

ation. Using the half-year convention, the amount Michael may claim for depreciation in 2018 is
Mathematics
2 answers:
fomenos3 years ago
8 0

Answer:

$3,791

Step-by-step explanation:

$3,791+$3,791-$3,791=3,791 magic!

alekssr [168]3 years ago
6 0

Answer:

Michael May claimim $758.2 for depreciation in 2018

Step-by-step explanation:

Given

Costs of System = $3,791

As a general rule, items that cost more than $2,500 must be depreciated.

A computer is categorised as an office equipment with a 5 year property.

Considering half heat convention, Depreciation Rate = 20%

Expected Amount is then calculated as Depreciation Rate * Cost

Expected Amount = $3,791 * 20%

Expected Amount = $3,791 * 0.2

Expected Amount = $758.2

Hence, Michael May claim $758.2 as depreciation

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