United states taxation question: Mcdonalds corp buys the assets below during 2021. Assuming no bonus depreciation, and section 179. calculate depreciation for years one and two. 5 year property, 3/15- $30,000 5 year property, 5/13- $20,000 7 year property, 10/15- $30,000 Would calculated depreciation be different if mcondalds corp bought real property on 11/1 for 300k? Regardless to follow up question 2. What is the depreciation of the real property assuming 70 percent is building and 30 percent is land for years 1 and 2. assuming that the property is residential.

United states taxation question: Mcdonalds corp buys the assets below during 2021. Assuming no bonus depreciation, and section 179. calculate depreciation for years one and two. 5 year property, 3/15- $30,000 5 year property, 5/13- $20,000 7 year property, 10/15- $30,000 Would calculated depreciation be different if mcondalds corp bought real property on 11/1 for 300k? Regardless to follow up question 2. What is the depreciation of the real property assuming 70 percent is building and 30 percent is land for years 1 and 2. assuming that the property is residential.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 15DQ

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Subject :- Accounting
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