Solution-What is the total first year depreciation deduction

What is the total first year depreciation deduction

Reference no: EM132178767

Question - A secondhand desk is used in the taxpayer's rental activity. The desk cost $1,500. And placed in service on Sept 3, 2017. The desk is the only property placed in service this year. What is the total first year depreciation deduction relating to the desk.

300

788

1500

Reference no: EM132178767

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What is the total first year depreciation deduction

Reference no: EM132178767

Reference no: EM132178767

Questions Cloud

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Accounting Basics Questions & Answers

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Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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