Homework Answers
Ans: Basis of warehouse purchased and used for business purpose= $1,602,000
Since the assets recovery period is 39 years and applicable depreciation when assets is used to put to use
Thus maximum depreciation Allows to be claimed in current year = $1,602,000*1.819%
= $ 29,140.38
Is given in the table MACRS 5 assets recover period is 39 years
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