Wilson is preparing his tax returns using the MACRS convention. The following information relates to...
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Wilson is preparing his tax returns using the MACRS convention. The following information relates to the purchase of an asset on January 1 , Year 1. MACRS Depreciation as a Percentage of the Cost of the Asset Refer to Exhibit 11-05, what amount of depreciation would be recorded on the income tax returns for year 3 ? $20,160$33,600$21,000$12,096
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