Problemin may 2016 cassie acquired a machine for 80000 to, Ask an Expert

Accounting

Problem

In May 2016, Cassie acquired a machine for $80,000 to use in her business. The machine is classified as 5-year property. Cassie does not expense the property under Sec. 179 and is a calendar year taxpayer.

What is Cassie's depreciation on the machine in 2016?

How does your answer change, if at all, if Cassie acquired the machine in November 2016?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92751725

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