Paul purchased a mobile home that originally cost 185,000 and has a salvage value of 42,000? What depreciation class is used? Use the MACRS method.
Question 2
If the asset is bought during the year, depreciation is taken on the number of _________ remaining in that year. If the asset is purchased before the _________ of a month, the full month is taken. If it is purchased after the 15th, __________ depreciation for that month is taken.
Fill in the blank(s) with correct word