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Exhibit 11-05 Wilson Is Preparing His Tax Returns Using the MACRS Convention

Question 9

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Exhibit 11-05
Wilson is preparing his tax returns using the MACRS convention. The following information relates to the purchase of an asset on January 1, Year 1.
MACRS Depreciation as a Percentage of the Cost of the Asset Exhibit 11-05 Wilson is preparing his tax returns using the MACRS convention. The following information relates to the purchase of an asset on January 1, Year 1. MACRS Depreciation as a Percentage of the Cost of the Asset -Refer to Exhibit 11-05, what amount of depreciation would have been recorded in Wilson's books for year 3? A) $18,000 B) $12,857 C) $20,160 D) $15,000 Exhibit 11-05 Wilson is preparing his tax returns using the MACRS convention. The following information relates to the purchase of an asset on January 1, Year 1. MACRS Depreciation as a Percentage of the Cost of the Asset -Refer to Exhibit 11-05, what amount of depreciation would have been recorded in Wilson's books for year 3? A) $18,000 B) $12,857 C) $20,160 D) $15,000
-Refer to Exhibit 11-05, what amount of depreciation would have been recorded in Wilson's books for year 3?


A) $18,000
B) $12,857
C) $20,160
D) $15,000

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