The amount of depreciation for year 2 if the cost was $ 131 , 300 and asection 179 deduction of $ 100 , 000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

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Answer 1

Question

Chapter 17.2, Problem 2-3SC

To determine

To calculate: The amount of depreciation for year 2 if the cost was $131,300 and asection 179 deduction of $100,000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

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Answer 2

Question

Chapter 17.2, Problem 2-3SC

To determine

To calculate: The amount of depreciation for year 2 if the cost was $131,300 and asection 179 deduction of $100,000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

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Answer 3

Question

Chapter 17.2, Problem 2-3SC

To determine

To calculate: The amount of depreciation for year 2 if the cost was $131,300 and asection 179 deduction of $100,000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

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Answer 4

Question

Chapter 17.2, Problem 2-3SC

To determine

To calculate: The amount of depreciation for year 2 if the cost was $131,300 and asection 179 deduction of $100,000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

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Answer 5

Chapter 17.2, Problem 2-3SC

To determine

To calculate: The amount of depreciation for year 2 if the cost was $131,300 and asection 179 deduction of $100,000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

Answer 6

Chapter 17.2, Problem 2-3SC

To determine

To calculate: The amount of depreciation for year 2 if the cost was $131,300 and asection 179 deduction of $100,000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

Answer 7

Chapter 17.2, Problem 2-3SC

To determine

To calculate: The amount of depreciation for year 2 if the cost was $131,300 and asection 179 deduction of $100,000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 17.1 - Prob. 1-1SC Ch. 17.1 - Prob. 1-2SC Ch. 17.1 - Prob. 1-3SC Ch. 17.1 - Prob. 1-4SC Ch. 17.1 - Prob. 1-5SC Ch. 17.1 - Prob. 2-1SC Ch. 17.1 - Prob. 2-2SC Ch. 17.1 - Prob. 2-3SC Ch. 17.1 - Prob. 2-4SC Ch. 17.1 - Prob. 3-1SC

The amount of depreciation for year 2 if the cost was $ 131 , 300 and asection 179 deduction of $ 100 , 000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

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To calculate: The amount of depreciation for year 2 if the cost was $131,300 and asection 179 deduction of $100,000 was elected for the circle B farm placed a storage facility “farm building that is classified as a 20-year property” into service using MACRS at the half-year convention rates.

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