The MACRS basis of 5-year property acquired on January 13, 20X1 is $10,000. The property...
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Accounting
The MACRS basis of 5-year property acquired on January 13, 20X1 is $10,000. The property is sold on July 31, 20X3. If the half-year convention applies to personal property acquired in 20X1 and the regular (accelerated) MACRS method is used, depreciation expense for 20X3 is:
$2,000.
$1,920.
$1,600.
$960.
$800.
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