Basics of bonus depreciation


During 2013, 7-year MACRS property was placed in service by Stenley, a calendar-year taxpayer. Assume that Stenley does NOT make a Section 179 election or take any bonus depreciation. The property will most likely be depreciated over:

a. One calendar year

b. Three and one-half calendar years

c. Seven calendar years

d. Eight calendar years

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Accounting Basics: Basics of bonus depreciation
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