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Author Question: On April 12, 2015, Suzanne bought a computer for $20,000 for business use. This was the only ... (Read 46 times)

fahad

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on: Sep 13, 2020

Question 1

Joan bought a business machine for $15,000. In a later year, she sold the machine for $12,800 when the total allowable depreciation is $8,500. The depreciation actually taken on the tax returns totaled $8,000. Joan must recognize a gain (or loss) of
◦ no gain or loss.
◦ ($3,200).
◦ $6,800.
◦ $6,300.

Question 2

On April 12, 2015, Suzanne bought a computer for $20,000 for business use. This was the only purchase for that year. Suzanne used the most accelerated depreciation method available but did not elect Sec. 179. Bonus depreciation was not available. Suzanne sells the machine in 2016. The depreciation on the computer for 2016 is
◦ $2,000.
◦ $3,200.
◦ $4,000.
◦ $6,400.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by fahad on Sep 13, 2020

maaaaaaaaaa

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fahad

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Reply 2 on: Sep 13, 2020
Gracias!

AmberC1996

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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