Quanti co., a calendar-year taxpayer, purchased small tools for $5,000 on december 21, year 1, representing the company’s only purchase of tangible personal property that took place during year 1. assume quanti co. does not want to take §179 or bonus depreciation on the tools. on its year 1 tax return, how many months of macrs depreciation may quanti co. claim on the tools?
1. one month
2. none
3. one and a half month
4. six months.

Option A is the right answer

Explanation:  Evidences in most cases has shown that MACRS  is all about applying convention for one and a half year on assets. So when an entities owns 35-40% of an asset in forth quarter, Mid quarter convention will  be applied for only one half of the last quarter, logically one and half month in the last quarter.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

b $274.07

step-by-step explanation:

you just devide 222 by 0.81