4. Dana forms a small manufacturing company. Her company places the following ng properties into service during the year, on the dates indicated: Type of property Date placed in service Cost Business building April 6 $275,000 Furniture June 5 $57,000 Machinery September 2 $65,000 Computer December 27 $25,000 She chooses not to o any Section 179 expense, and also elects not to take bonus depreciation. She uses MACRS depreciation. Calculate the first year depreciation on the building, and also on the machinery:
4. Dana forms a small manufacturing company. Her company places the following ng properties into service during the year, on the dates indicated: Type of property Date placed in service Cost Business building April 6 $275,000 Furniture June 5 $57,000 Machinery September 2 $65,000 Computer December 27 $25,000 She chooses not to o any Section 179 expense, and also elects not to take bonus depreciation. She uses MACRS depreciation. Calculate the first year depreciation on the building, and also on the machinery:
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 52P
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Transcribed Image Text:4. Dana forms a small manufacturing company. Her company places the following ng properties into service during the year, on the dates indicated: Type
of property Date placed in service Cost Business building April 6 $275,000 Furniture June 5 $57,000 Machinery September 2 $65,000 Computer
December 27 $25,000 She chooses not to
o any Section 179 expense, and also elects not to take bonus depreciation. She uses MACRS depreciation.
Calculate the first year depreciation on the building, and also on the machinery:
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