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What is the amount of macrs depreciation

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Reference no: EM132966037

Problem 1: Suppose that that a four-year old horse is purchased for $500,000 for racing purposes on July 1 of 20X1. Assuming that the purchaser doesn't pursue either section 179 or bonus depreciation, what is the amount of MACRS depreciation?

Group of answer choices

Option 1: $200,000

Option 2: $100,000

Option 3: $33,333

Option 4: $166,650

Reference no: EM132966037

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