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A stamping machine is classified as seven-year macrs property. the cost basis for the machine is $120,000 and the expected salvage value is $10,000 at the end of 12 years. what …
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A stamping machine is classified as seven-year macrs property. the cost basis for the machine is $120,000 and the expected salvage value is $10,000 at the end of 12 years. what …
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Nov 25, 2018
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A stamping machine is classified as seven-year macrs property. the cost basis for the machine is $120,000 and the expected salvage value is $10,000 at the end of 12 years. what is the value at the end of three years for tax purposes?
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$10,000*(12-3)=$90,000
That value would be $90,000
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Nov 30, 2018
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