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

Question 63

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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, 2013. 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, 2013. -Refer to Exhibit 11-05, what amount of depreciation would be recorded on the income tax returns for year 5? A) $6,048 B) $15,000 C) $12,096 D) $0 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, 2013. -Refer to Exhibit 11-05, what amount of depreciation would be recorded on the income tax returns for year 5? A) $6,048 B) $15,000 C) $12,096 D) $0
-Refer to Exhibit 11-05, what amount of depreciation would be recorded on the income tax returns for year 5?


A) $6,048
B) $15,000
C) $12,096
D) $0

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