Problem regarding calendar-year taxpayer


During 2013, 5-year MACRS property was placed in service by Samir, a calendar-year taxpayer. Assume that Samir does NOT make a Section 179 election or take any bonus depreciation. The property will most likely be depreciated over:

a. Six calendar years

b. Five calendar years

c. Two and one-half calendar years

d. One calendar year

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Accounting Basics: Problem regarding calendar-year taxpayer
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