Compute 2019 MCRS depreciation for the following property sold on June 22, 2019. Assume for each, that the taxpayer elected out of the special depreciation allowance.
a. Steel production machine placed in service January 20, 2018, with a depreciable basis of $40,000.
b. Shipbuilding equipment placed in service December 10, 2017, with a depreciable basis of $200,000.
c. Resort cabin, rented on a weekly basis, placed in service June 20, 2017, with a depreciable basis of $70,000.

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04-08-2024
Business

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Compute 2019 MCRS depreciation for the following property sold on June 22, 2019. Assume for each, that the taxpayer elected out of the special depreciation allowance.
a. Steel production machine placed in service January 20, 2018, with a depreciable basis of $40,000.
b. Shipbuilding equipment placed in service December 10, 2017, with a depreciable basis of $200,000.
c. Resort cabin, rented on a weekly basis, placed in service June 20, 2017, with a depreciable basis of $70,000.

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