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What type of depreciation is used for tax purposes

Assignment Help Taxation
Reference no: EM13488166

Discussion Question 1

  • What type of depreciation is used for tax purposes?
  • Does it differ from that used for book purposes? Why or why not?

Discussion Question 2

  • What is a capital asset?
  • Under what circumstances can a capital asset qualify for a like-kind exchange?
  • Why are like-kind exchanges given special treatment for tax purposes?

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Reference no: EM13488166

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