Gunnar, Inc. a calendar year corporation, purchased the following assets and placed them in service...
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Accounting
Gunnar, Inc. a calendar year corporation, purchased the following assets and placed them in service this year.Calculate the current year MACRS depreciation for Gunnar, Inc. for the assets placed in service this year.Assume Gunnardoes not elect to use first-year bonus depreciation or Section 179. Total the depreciation expense for this year.AssetInitial CostRecovery PeriodDate Placed in ServiceAutomobile30,0005 yearsMarch 3Office Furniture34,0007 yearsApril 30Machinery101,0007 yearsOctober 30Computers54,0005 yearsNovember 28
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