Macnally orchards purchases section 179 eligible equipment


MacNally Orchards purchases section 179 eligible equipment and places it into service at midyear. The total cost of the equipment is $189,540, and the maximum section 179 deduction of $125,000 is elected. Find the first and second year depreciation using MACRS rates 14.29% and 24.49% respectively. What is the book value at the end of the second year?

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Financial Management: Macnally orchards purchases section 179 eligible equipment
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