During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,606,000. Calculate the maximum depreciation deduction during the current year. (Use MACRS Table 5.) (Round final answer to the nearest whole number.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,606,000. Calculate the maximum depreciation
deduction during the current year. (Use MACRS Table 5.) (Round final answer to the nearest whole number.)
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Transcribed Image Text:During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,606,000. Calculate the maximum depreciation deduction during the current year. (Use MACRS Table 5.) (Round final answer to the nearest whole number.) Essay Toolbar navigation BIU S A | >
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