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Business, 29.10.2019 06:31 torresnoemi899
Orange corporation acquired new office furniture on august 15, 2018, for $130,000. orange does not elect immediate expensing under § 179. orange claims any available additional first-year depreciation. if required, round your answer to the nearest dollar. click here to access exhibit 8.1 and the depreciation tables in the textbook.
a. determine orange's cost recovery for 2018. the office furniture is classified as seven-year class of property for macrs. if bonus depreciation is elected, orange's deduction is $ ?
b. determine orange's cost recovery for 2018 if orange decided to only use $52,000 of bonus depreciation and normal macrs on the balance of the acquisition cost. $ ?
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Orange corporation acquired new office furniture on august 15, 2018, for $130,000. orange does not e...
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