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24 November, 14:06

Aaron has a successful business with $50,000 of income. He purchased one new asset, a new machine that is 7-year MACRS property, with a cost of $7,000. Of the options available for tax depreciation, what is the largest write-off Aaron could legally take this year?

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  1. 24 November, 14:38
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    Answer:$7,000

    Explanation: According to the question, Aaron purchased one new asset, a new machine that is 7-year MACRS property, with a cost of $7,000.

    Aaron can legally write off the asset in the year of purchase making the highest write off for the year $7,000
  2. 24 November, 14:52
    0
    Answer for the question:

    Aaron has a successful business with $50,000 of income. He purchased one new asset, a new machine that is 7-year MACRS property, with a cost of $7,000. Of the options available for tax depreciation, what is the largest write-off Aaron could legally take this year?

    is given below.

    Explanation:

    Answer:9 c. Non residental real Property is depreciated over 39 years.

    Because residental real Property is depreciated over 27.5 years.
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