During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,606,000. Calculate the maximum depreciation deduction during the current year. (Use MACRS Table 5.) (Round final answer to the nearest whole number.)

During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,606,000. Calculate the maximum depreciation deduction during the current year. (Use MACRS Table 5.) (Round final answer to the nearest whole number.)

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 2CE

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During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,606,000. Calculate the maximum depreciation
deduction during the current year. (Use MACRS Table 5.) (Round final answer to the nearest whole number.)
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