What methods are available for tangible personal property

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Reference no: EM13906372

1. What depreciation methods are available for tangible personal property? Explain the characteristics of a business likely to adopt each method.

2. If a business places several different assets in service during the year, must it use the same depreciation method for all assets? If not, what restrictions apply to the business's choices of depreciation methods?

3. Describe how you would determine the MACRS recovery period for an asset if you did not already know it.

Reference no: EM13906372

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