Margo, a calendar year taxpayer, paid $1,580,000 for new machinery (seven-year recovery property) placed in...
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Margo, a calendar year taxpayer, paid $ for new machinery sevenyear recovery property placed in service on August Use Table Required: Assuming that the machinery was the only tangible property placed in service during the year, compute Margos maximum cost recovery deduction. Note that for the maximum Section deduction was $ How would your computation change if Margo paid $ for the machinery? Note that for the Section deduction threshold amount was $ How would your computation change if Margo paid $ for the machinery? How would your answer to part a change if the machinery was purchased in instead of
Margo, a calendar year taxpayer, paid $ for new machinery sevenyear recovery property placed in service on August Use Table
Required:
Assuming that the machinery was the only tangible property placed in service during the year, compute Margos maximum cost recovery deduction. Note that for the maximum Section deduction was $
How would your computation change if Margo paid $ for the machinery? Note that for the Section deduction threshold amount was $
How would your computation change if Margo paid $ for the machinery?
How would your answer to part a change if the machinery was purchased in instead of
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