Kuo Corporation Uses the Following Assets in Its Business in 2018

question 38

Essay

Kuo Corporation uses the following assets in its business in 2018:
?

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?
?
$\begin{array} { l l l } &2018 \text { MACRS } &2018 \text{ADS}\\\text { Building } & \underline{\quad\quad}&\underline{\quad\quad} \\\text { Furniture } & \underline{\quad\quad}&\underline{\quad\quad}\\\text { Equipment } & \underline{\quad\quad}&\underline{\quad\quad}\\\text { Truck } & \underline{\quad\quad}&\underline{\quad\quad}\\\text { Computer }& \underline{\quad\quad}&\underline{\quad\quad} \end{array}$

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Definitions:

Quandary Ethics

A framework for addressing ethical decisions that present a significant conflict of principles or values, leading to uncertainty on the right course of action.

Golden Mean

In philosophy, particularly Aristotelian ethics, the desirable middle between two extremes, one of excess and the other of deficiency.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Moderation

The quality of being moderate and avoiding extremes in behavior or expression, advocating for balance and restraint.