Vaughan owns and operates a daycare. In 2023, he purchased and placed the following new assets into service for his business: February 4, a $1,250 karaoke system. June 16, a $600 table. August 2, a $1,000 iPad. He did not opt out of bonus depreciation. What is the total depreciation for the karaoke system?

Vaughan owns and operates a daycare. In 2023, he purchased and placed the following new assets into service for his business: February 4, a $1,250 karaoke system. June 16, a $600 table. August 2, a $1,000 iPad. He did not opt out of bonus depreciation. What is the total depreciation for the karaoke system?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 31CE

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