Calculate macrs deprecation for tax return

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Reference no: EM131204067

Calculate MACRS deprecation for 2015 tax return

Norman had the following business assets:

• Office furniture: Purchased for $4,950 on May 20, 2013. The equipment is being depreciated over seven-year MACRS 200% declining balance. Norman sold it on May 15, 2015, for $4,000.

• Office equipment: Purchased a copier for $13,800 on January 10, 2015. The copier is being depreciated over five-year MACRS 200% declining balance. Norman makes no elections for § 179 or bonus depreciation.

• Computer and equipment: Purchased a computer system for $8,900 on January 2, 2014. The computer is being depreciated over five-year MACRS 200% declining balance. Norman makes no elections for § 179 or bonus depreciation.

Reference no: EM131204067

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