33. Compute MACRS depreciation for the following qualified assets for the calendar mo years 2022 and 2023: (Ignore bonus oq depreciation and the Section 179 deduction.) Asset Year Cost Purchased March 2022 Business equipment (7-year 5101 191. CE stia Building (Office) bar property) omiad sds abCar O May 2022 Office furniture OVE July 2022 204no (7-year gab aur property) h6D) ECOS ob Salvage Value $85,500 $10,000 14,000 18,050 1,000 3,000 January 2022 185,000 5,000

33. Compute MACRS depreciation for the following qualified assets for the calendar mo years 2022 and 2023: (Ignore bonus oq depreciation and the Section 179 deduction.) Asset Year Cost Purchased March 2022 Business equipment (7-year 5101 191. CE stia Building (Office) bar property) omiad sds abCar O May 2022 Office furniture OVE July 2022 204no (7-year gab aur property) h6D) ECOS ob Salvage Value $85,500 $10,000 14,000 18,050 1,000 3,000 January 2022 185,000 5,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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