In 2016, Olga Co. purchased a piece of business-use equipment for $100,000. The equipment has a...

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In 2016, Olga Co. purchased a piece of business-use equipment for $100,000. The equipment has a...

In 2016, Olga Co. purchased a piece of business-use equipment for $100,000. The

equipment has a 7-year MACRS GDS recovery period and is depreciated under MACRS

GDS (no SL election). The equipment was placed in service on September 10, 2016. This

was the only asset that Olga Co. placed in service in 2016. Olga Co. did not elect Section

179 deduction and elected out of Section 168(k) bonus depreciation.

What is Olga Co.'s depreciation deduction for

2016

(the year the asset was placed in service)?

business accounting

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Answer 1

Answer #1

Answer:- Page 1 * from the data - → MACRS GDS Property class - 7 years Date placed in Segurice - loth september 2016. Depreci

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Answer 2

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