Author Question: For real property placed in service after 1986, depreciation under the MACRS system is calculated using the (Read 66 times)

Jramos095 · **on:** Sep 13, 2020

Question 1

Fariq purchases and places in service in 2016 personal property costing $2,031,000. The property does not qualify for bonus depreciation. What is the maximum Sec. 179 deduction that Fariq can deduct, ignoring any taxable income limitation?
◦ $500,000
◦ $0
◦ $479,000
◦ $469,000

Question 2

For real property placed in service after 1986, depreciation under the MACRS system is calculated using the
◦ straight-line method and a half-year convention in the year of acquisition and in the year of disposition.
◦ straight-line method and a mid-month convention in the year of acquisition and in the year of disposition.
◦ 200% DB method and a mid-month convention in the year of acquisition and in the year of disposition.
◦ 200% DB method and a half-year convention in the year of acquisition and in the year of disposition.

shailee · **Reply #1 on:** Sep 13, 2020

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