On May 12 Zimmer Corporation placed in service equipment (seven-year property) with a basis of...
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Accounting
On May 12 Zimmer Corporation placed in service equipment (seven-year property) with a basis of $220,000. This was Zimmer's only asset acquired during the year. Calculate the maximum depreciation expense for the current year (ignoring 179 and bonus depreciation). (Use MACRS Table 1.) Note: Round final answer to the nearest whole number. Group of answer choices
$15,717
$62,876
31,438
$40,125
None of the choices are correct.
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