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Business, 03.07.2019 05:10 irvinanderson
Barbara's bakery purchased three new assets during the current year. since this is barbara's first year in the bakery business, she chose not to use section 179 to immediately expense the assets and she elected not to use bonus depreciation. she purchased furnishings for $15,000 in april, equipment for $6,000 in july, and a new appliances for $40,000 in november. using the macrs tables with a 7-year recovery period, what is the amount of depreciation that can be taken on these assets in the first year? (use the depreciation tables in the appendix to the chapter to answer the question.)
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Barbara's bakery purchased three new assets during the current year. since this is barbara's first y...
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