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Question 253 - CTFA discussion

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The Counting House, Inc., purchased 5-year property class equipment for $60,000. It uses the MACRS method of depreciation. What is tax depreciation for the second year of the asset's life?

A.
$12,000
Answers
A.
$12,000
B.
$19,200
Answers
B.
$19,200
C.
$20,000
Answers
C.
$20,000
D.
$24,000
Answers
D.
$24,000
Suggested answer: B
asked 16/09/2024
Jailson Batista
35 questions
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