sue buys computer november 2016 used excluseively for business depreciated using
ID: 2341033 • Letter: S
Question
sue buys computer november 2016 used excluseively for business depreciated using mcrs MQ convention she did nt take Sect 179 In and purchased anew onjune 2017 she took computer out of service gave to recycler and purchased a new one what happens with depreciation on first computer? A. depreciation figured for yearthen she ias allowed 875% of it for 2017 B She can claimdepreciation for whole year C. compute for the year the sue is allowed 37.5% on it for 2017 D. she is able to claim 50% of yers depreciation since she used the computer for 6 months of the year
Explanation / Answer
Under MACR, a computers useful life is 5 years.Despite it being used for 6 months we will consider it to be half-year convention. This means depreciation would be 20%.
the right answer would be B She can claim depreciation for whole year
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.