Essay
Kuo Corporation uses the following assets in its business in 2018:
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Assume Kuo Corporation does not utilize Sec 179 expense, has not disposed of any asset since 2003, and has never expensed an asset previously. Kuo, when applicable, elected not to use bonus depreciation in past years. The equipment was sold on 9-9-18 for $4,000.
What is Kuo's 2018 depreciation expense using MACRS and for ADS?
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Correct Answer:

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