What is the maximum depreciation deduction

Reference no: EM13872485

An asset other than a passenger automobile is placed in service on May 15, 2013 and has a depreciable basis of $32,000. The asset is in the 7-year recovery class.

What is the maximum depreciation deduction that may be claimed for 2013, excluding the election to expense and bonus depreciation?

Reference no: EM13872485

Questions Cloud

Write a paper that explain public relations : You will write a paper that has two parts. Part 1 will explain public relations. Part 2 will describe the public image of your company (Walmart). Use current articles (no more than 12 months old). Cite your sources

What is the purpose of a classified statement : What is the purpose of a classified statement of net position?

What net income would have been if the lifo cost method used : Using the FIFO cost method, Rasulo Company had a beginning inventory of $24,000, ending inventory of $30,000, and net income of $80,000. Compute what net income would have been if the LIFO cost method had been used.

Evaluate aaas current strategy : Evaluate AAA's current strategy. What should Stasia Acosta do about Business Center's offer

What is the maximum depreciation deduction : What is the maximum depreciation deduction that may be claimed for 2013, excluding the election to expense and bonus depreciation?

Basic differences between the information content : List four basic differences between the information content of the fund financial statements and the government wide financial statements.

Calculate the heat flux in the radial direction : Calculate the heat flux in the radial direction at any time and calculate the heat flow per length at r=r0 at a time 0f 0.05 s.

List of blunders to avoid in strategic planning : A list of 20 blunders to avoid in strategic planning- Provide a list of no less than 20 blunders to avoid in strategic planning formatted as simple sentences and /or phrases

Particular automobile-capable of an acceleration : At highway speeds, a particular automobile is capable of an acceleration of about 1.6m/s2. At this rate, how long does it take to accelerate from 80 km/h to 110 km/h?

User Account

All Pages