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Home / Questions / Verify the 5- and 7-year property class percentages given in Table 6.2 by applying the 200

Verify the 5- and 7-year property class percentages given in Table 6.2 by applying the 200

Verify the 5- and 7-year property class percentages given in Table 6.2 by applying the 200% depreciable basis (DB) approach to a piece of equipment with a nominal value of $1,000. For the 7-year property class, in what year is the switch from %200 DB to straight line made based on the percentages in the Table 6.2. Only half of the first and last years are considered in the computations. This means that for a 5-year class property, instead of deducting 100% (2/5) ¼ 40% in the first year, only half (40%/2 ¼ 20%) is deducted.

Nov 27 2019 View more View Less

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