During 2021, Dud Co. purchases only one asset: equipment (7-year property) for $1,650,000. Dud takes the maxi Sec. 179 deduction and elects out of 100% bonus. In the table below, Compute the maximum tax depreciation for the machinery for 2021-2028, respectively. Answer in whole numbers only, with no decimals, no commas, and no dollar signs. Year 2021 2021 2022 2023 2024 2025 2026 2027 2028 total all years Depreciation Sec. 179 deduction amount (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

During 2021, Dud Co. purchases only one asset: equipment (7-year property) for $1,650,000. Dud takes the maxi Sec. 179 deduction and elects out of 100% bonus. In the table below, Compute the maximum tax depreciation for the machinery for 2021-2028, respectively. Answer in whole numbers only, with no decimals, no commas, and no dollar signs. Year 2021 2021 2022 2023 2024 2025 2026 2027 2028 total all years Depreciation Sec. 179 deduction amount (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization

Section: Chapter Questions

Problem 44P

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