Business, 08.07.2021 15:20 chhimmidemg
During 2019, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business:
Item Date Acquired Cost
Manufacturing equipment (7 year) June 2 $40,000
Office furniture September 15 $6,000
Office computer November 18 $2,000
Passenger automobile
(used 90 percent for business) May 31 $54,000
Warehouse June 23
Building $165,000
Land $135,000
Pepe uses the accelerated depreciation method under MACRS, if available, and does not make the election to expense and elects out of a bonus depreciation.
Required:
Report Pepe's depreciation expense for 2020.
Answers: 2
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During 2019, Pepe Guardio purchases the following property for use in his calendar year-end manufact...
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