Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Use math tools plZ I humble request 

Same facts as previous question.
Olga Co. sold the equipment on February 1, 2020.
What is Olga Co.'s depreciation deduction for 2020?
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Transcribed Image Text:Same facts as previous question. Olga Co. sold the equipment on February 1, 2020. What is Olga Co.'s depreciation deduction for 2020?
In 2017, 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, 2017. This was the only asset that Olga Co.
placed in service in 2017. 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 2017 (the year the asset was placed in service)?
14,290
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Transcribed Image Text:In 2017, 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, 2017. This was the only asset that Olga Co. placed in service in 2017. 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 2017 (the year the asset was placed in service)? 14,290
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