rom inception until this year the Rapid Coaster had been FFs main attraction, but as...
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rom inception until this year the Rapid Coaster had been FFs main attraction, but as it aged it has lost some appeal. To attract new customers, FF purchased a new attraction known as the Vomitnator. The Vomitnator was installed and rendered operational on March 1, 2020 at a cost of $6,000,000 to acquire, install, and make ready for service.FFs regular tax depreciation for the year is correctly calculated as $1,112,499 before considering the 2020 addition of the Vomitnator. FF wants to claim the maximum allowable deduction for the Vominator in 2020. Because of the Vominators modular design, it is considered personal (as opposed to real) property.
what is the depreciation?
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