Homework Answers
$1950,000/$2126,000 = 91.72%. Therefore, Audra must use the mid-quarter convention. As acquisitions exceed $225,000, the Immediate expense election Is not available.
Asset A:
MACRS cost recovery ($106,000 x 35). = $37100
Asset B:
MACRS cost recovery ($70,000 x 15). =$10,500
Asset C
MACRS cost recovery ($1950,000 x 5). = $97,500
Total deduction = $145100
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