Kuo Corporation uses the following assets in its business in 2016:

Assume Kuo Corporation does not utilize Sec 179 expense,has not disposed of any asset since 2002,and has never expensed an asset previously.The equipment was sold on 9-9-16 for $4,000.
What is Kuo's 2016 depreciation expense using MACRS and for ADS?

Question

Kuo Corporation uses the following assets in its business in 2016:  
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Assume Kuo Corporation does not utilize Sec 179 expense,has not disposed of any asset since 2002,and has never expensed an asset previously.The equipment was sold on 9-9-16 for $4,000.
What is Kuo's 2016 depreciation expense using MACRS and for ADS?

Quizplus · Accepted Answer

The Answer of Kuo Corporation uses the following assets in its business in 2016:  
​
Assume Kuo Corporation does not utilize Sec 179 expense,has not disposed of any asset since 2002,and has never expensed an asset previously.The equipment was sold on 9-9-16 for $4,000.
What is Kuo's 2016 depreciation expense using MACRS and for ADS?

Kuo Corporation Uses the Following Assets in Its Business in 2016