4. Dana forms a small manufacturing company. Her company places the following ng properties into service during the year, on the dates indicated: Type of property Date placed in service Cost Business building April 6 $275,000 Furniture June 5 $57,000 Machinery September 2 $65,000 Computer December 27 $25,000 She chooses not to o any Section 179 expense, and also elects not to take bonus depreciation. She uses MACRS depreciation. Calculate the first year depreciation on the building, and also on the machinery:
4. Dana forms a small manufacturing company. Her company places the following ng properties into service during the year, on the dates indicated: Type of property Date placed in service Cost Business building April 6 $275,000 Furniture June 5 $57,000 Machinery September 2 $65,000 Computer December 27 $25,000 She chooses not to o any Section 179 expense, and also elects not to take bonus depreciation. She uses MACRS depreciation. Calculate the first year depreciation on the building, and also on the machinery:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![4. Dana forms a small manufacturing company. Her company places the following ng properties into service during the year, on the dates indicated: Type
of property Date placed in service Cost Business building April 6 $275,000 Furniture June 5 $57,000 Machinery September 2 $65,000 Computer
December 27 $25,000 She chooses not to
o any Section 179 expense, and also elects not to take bonus depreciation. She uses MACRS depreciation.
Calculate the first year depreciation on the building, and also on the machinery:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85464341-e972-46e7-84fb-f0ef36f44755%2F835ae5f0-6130-4ff6-99e4-d246df17255e%2Fhr5gcus_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. Dana forms a small manufacturing company. Her company places the following ng properties into service during the year, on the dates indicated: Type
of property Date placed in service Cost Business building April 6 $275,000 Furniture June 5 $57,000 Machinery September 2 $65,000 Computer
December 27 $25,000 She chooses not to
o any Section 179 expense, and also elects not to take bonus depreciation. She uses MACRS depreciation.
Calculate the first year depreciation on the building, and also on the machinery:
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