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Determine the MACRS Cost Recovery Deductions for 2016 and 2017

question 28

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Determine the MACRS cost recovery deductions for 2016 and 2017 on the following assets that were purchased for use in a farming business on July 15,2016.The taxpayer does not wish to use the Section 179 election. Determine the MACRS cost recovery deductions for 2016 and 2017 on the following assets that were purchased for use in a farming business on July 15,2016.The taxpayer does not wish to use the Section 179 election.    ​  a.Breeding hogs depreciation:​Total 2016 Breeding hogs Cost Recovery Deduction (show your calculations)Total 2017 Breeding hogs Cost Recovery Deduction (show your calculations) b.Dairy cattle depreciation:​Total 2016 Dairy Cattle Cost Recovery Deduction (show your calculations)Total 2017 Dairy Cattle Cost Recovery Deduction (show your calculations) c.Tractor depreciation:​Total 2016 Tractor Cost Recovery Deduction (show your calculations)Total 2017 Tractor Cost Recovery Deduction (show your calculations)

a.Breeding hogs depreciation:​Total 2016 Breeding hogs Cost Recovery Deduction (show your calculations)Total 2017 Breeding hogs Cost Recovery Deduction (show your calculations)
b.Dairy cattle depreciation:​Total 2016 Dairy Cattle Cost Recovery Deduction (show your calculations)Total 2017 Dairy Cattle Cost Recovery Deduction (show your calculations)
c.Tractor depreciation:​Total 2016 Tractor Cost Recovery Deduction (show your calculations)Total 2017 Tractor Cost Recovery Deduction (show your calculations) Determine the MACRS cost recovery deductions for 2016 and 2017 on the following assets that were purchased for use in a farming business on July 15,2016.The taxpayer does not wish to use the Section 179 election.    ​  a.Breeding hogs depreciation:​Total 2016 Breeding hogs Cost Recovery Deduction (show your calculations)Total 2017 Breeding hogs Cost Recovery Deduction (show your calculations) b.Dairy cattle depreciation:​Total 2016 Dairy Cattle Cost Recovery Deduction (show your calculations)Total 2017 Dairy Cattle Cost Recovery Deduction (show your calculations) c.Tractor depreciation:​Total 2016 Tractor Cost Recovery Deduction (show your calculations)Total 2017 Tractor Cost Recovery Deduction (show your calculations)


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