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How do I calculate MACR depreciation?

How do I calculate MACR depreciation?

Start-up Costs 1/1/2017  $  53,000.00 Office Furniture 1/1/2017  $  75,000.00 Computer Hardware 2/1/2017  $  10,000.00 Calculators 2/1/2017  $    5,000.00 Copy Machines 2/1/2017  $  12,000.00 Land 6/13/2017  $ 300,000.00 Building: 6/14/2017  $  450,000.00 Paving 10/15/2017  $  100,000.00 Total Building 10/15/2017  $ 550,000.00 Office Fixtures 11/1/2017  $  80,000.00 Computer Hardware 4/1/2017  $ 490,000.00 Computer Software : Best Buy  $  200,000.00 Custom  $  450,000.00 4/1/2017  $ 650,000.00 Office Communications Equipment 4/1/2017  $  30,000.00 Office furniture & Fixtures 4/1/2017  $ 150,000.00 Goodwill 4/1/2017  $  90,000.00

Top Answer

MACRS:  This method is codified by the U.S. Tax Code, and all of the calculations are based on the asset class. The tax code... View the full answer

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