I january 2011 jim purchased 350000 of new macrs modified , Accounting Basics

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I january 2011 jim purchased 350000 of new macrs modified

In January 2011, JIM, purchased $350,000 of new MACRS (Modified Accelerated Cost Recovery System) 5-year property in the United States. This equipment was placed in service May 1, 2011. JIM wants to take as much depreciation in 2011 as possible.

Calculate the depreciation for 2011

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Accounting Basics: I january 2011 jim purchased 350000 of new macrs modified

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Accounting Basics: I january 2011 jim purchased 350000 of new macrs modified

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