Connect html ter Ten Homework Required information The following information app

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Connect html ter Ten Homework Required information The following information applies to the questions displayed below 1 of 5 On November 10 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,200,000, $300,000 was allocated to the basis of the land and the remaining $900,000 was allocated to the basis of the building (Use MACRS Table.1. Table 2. Iable 3. Iable 4 and Jable 5) (Do not round intermediate colculations. Round your answer to the nearest whole doller amount. a. Using MACRS, what is Javier's depreciation expense on the building for years 1 through 3? PRINTER D

Explanation / Answer

Answer

Note :

Computation of Javier 's depreciation expense for building for year 1 to year 3 using MACRS

Rate

(2)

Year Original Basis (1)

Rate

(2)

Depreciation (1 * 2) 1 $900,000 0.321 % $2,889 2 $900,000 2.564 % $23,076 3 $900,000 2.564 % $23,076

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