What is the total depreciation expense allowed by the irs

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Reference no: EM132178230

Question - The recently enacted tax law allows companies to use immediate write of equipment purchases. Assume that the five years are over and the tax law has reverted to the MACRS system discussed in chapter 8 (which is the way the law is written). So, six years from now. You place the following equipment into service in the following years with the following tax lives: Year placed Tax life Cost Into service Computer 2025 3 year $48,000 Car 2026 5 year $65,000 Shelves 2027 7 year $98,000.

What is the total depreciation expense allowed by the IRS for all three pieces of equipment for tax years 2028?

What is the total depreciation expense allowed by the IRS for all three pieces of equipment for tax years 2029?

What is the total depreciation expense allowed by the IRS for all three pieces of equipment for tax years 2030?

Reference no: EM132178230

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