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    Deprecation using MARCS

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    You place a commercial building into service on February 28th, 2012 costing $2,220,000. What is the depreciation expense allowed by the IRS for this building for tax years 2012? And 2013?

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    For assets purchased during the year, the IRS allows for mid-month convention
    IRS Publication ...

    Solution Summary

    This response looks at a question requiring the computation of depreciation based on MACRS.