5 years c 150 declining balance method with a switch

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Unformatted text preview: M/C A-D 20. CPA-02059 ARE Nov 94 #39 Corr Ans: D PM#30 R 3-01 Page 27 How is the depreciation deduction of nonresidential real property, placed in service in 1994, determined for regular tax purposes using MACRS? a. Straight-line method over 40 years. 9 © 2009 DeVry/Becker Educational Development Corp. All rights reserved. Maxixishere Pdf Collection Becker CPA Review, PassMaster Questions Lecture: Regulation 3 b. 150% declining-balance method with a switch to the straight-line method over 27.5 years. c. 150% declining-balance method with a switch to the straight-line method over 39 years. d. Straight-line method over 39 years. CPA-02059 Explanation Choice "d" is correct. Nonresidential realty is depreciated over 39 years straight-line if placed in service after May 1993. CPA-02060 Type1 M/C A-D 21. CPA-02060 ARE Nov 95 #14 Corr Ans: C PM#31 R 3-01 Page 37 Dart Corp., a calendar year domestic C corporation, is not a personal holding company. For purposes of the accumulated earnings tax,...
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