AC 450 - Week 4

AC 450 - Week 4 - Chapter8 Problem31 Saleofproperty...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Textbook: Chapter 8 required: Problems 31, 45 and TaxCut 62. Chapte Chapter 8 Problem 31 Sale of property  $98,000  Less: Purchase price  $100,000             Depreciation  $(4,091) Total Gain (Loss)  $2,091  Problem 45 a. b. 5-year class 5-year class 50% additional first year depreciation  $25,000  MACRS cost recovery MACRS cost recovery  $10,000  7-year class 7-year class 50% additional first year depreciation MACRS cost recovery
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/17/2010 for the course AC 290 taught by Professor Don'trecall during the Fall '09 term at Regis University.

Page1 / 2

AC 450 - Week 4 - Chapter8 Problem31 Saleofproperty...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online