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Find the depreciation amount for the barge

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Reference no: EM131628113

Question: 1. Find the third-year depreciation for a tractor/trailer rig that costs $173,980 and is purchased and placed in service at midyear. The maximum $125,000 section 179 deduction is elected for this three-year property

2. A barge costing $167,840 is purchased and placed in service at midyear. The maximum $125,000 section 179 deduction is elected for this 10-year property. Find the 8thyear depreciation amount for the barge.

Reference no: EM131628113

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