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linda_us
linda_us, Master's Degree
Category: Multiple Problems
Satisfied Customers: 1402
Experience:  A tutor for Business, Finance, Accounts and other related topics.
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ARE YOU AN EXPERT ON TAX ACCOUNTING? On June 25, 20X1, a

Customer Question

ARE YOU AN EXPERT ON TAX ACCOUNTING?
JA: No. I'm the tutor's Assistant.
Customer: On June 25, 20X1, a taxpayer places in service 5-year listed property with an MACRS basis of $10,000. The taxpayer uses the property 65% for business during 20X1 and depreciates the property using regular (accelerated) MACRS. During 20X2, the taxpayer's business usage drops to 40%. The taxpayer's depreciation expense for the property in 20X2 is:
a. $2,000.
b. $1,300.
c. $2,080.
d. $800.
e. $3,200.
JA: The tutor can help you get an A on your homework or ace your next test. Is there anything else the tutor should be aware of?
Customer: I NEED THE ANSWER NOW
Submitted: 4 months ago.
Category: Multiple Problems
Expert:  PDtax replied 4 months ago.

Hi from Just Answer. I'm PDtax, and can assist.

Expert:  PDtax replied 4 months ago.

d $800

Please rate when you receive the answer.

PDtax