Razorback Sports Inc. purchased equipment on July 1, 2016. Razorback Sports took the maximum amount...
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Accounting
Razorback Sports Inc. purchased equipment on July 1, 2016. Razorback Sports took the maximum amount of 179 depreciation (no bonus depreciation). The equipment is all 7 year property. (The corporation uses MACRS depreciation for tax purposes.)
a.
Cost of the equipment
832,500
Find the depreciation form 2019.
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