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  3. 13. quanti co., a calendar-year taxpayer, purchase

13. Quanti Co., a calendar-year taxpayer, purchased small tools for $5,000 on December 21, 20X14,...

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Accounting

13. Quanti Co., a calendar-year taxpayer, purchased small tools for $5,000 on December 21, 20X14, representing the companys only purchase of tangible personal property that took place during 20X14. On its 20X14 tax return, how many months of MACRS depreciation may Quanti Co. claim on the tools? One-and-a-half months Six months None One month

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