A taxpayer acquires equipment for $10,000. Which one of the following choices is not an...
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Accounting
A taxpayer acquires equipment for $10,000. Which one of the following choices is not an acceptable cost recovery period under either MACRS (regular or alternate) or ADS?
Straight-line for 7 years
Straight-line for 10 years
150% declining balance for 7 years
150% declining balance for 10 years
200% declining balance for 7 years
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