Determine the MACRS Cost Recovery Deductions for 2017 and 2018

Essay

Determine the MACRS cost recovery deductions for 2017 and 2018 on the following assets that were purchased for use in a farming business on July 15,2017.The taxpayer does not wish to use the Section 179 election.
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a.Breeding hogs depreciation:
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Total 2017 Breeding hogs Cost Recovery Deduction (show your calculations)
Total 2018 Breeding hogs Cost Recovery Deduction (show your calculations)
b.Dairy cattle depreciation:
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Total 2017 Dairy Cattle Cost Recovery Deduction (show your calculations)
Total 2018 Dairy Cattle Cost Recovery Deduction (show your calculations)
c.Tractor depreciation:
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Total 2017 Tractor Cost Recovery Deduction (show your calculations)
Total 2018 Tractor Cost Recovery Deduction (show your calculations)