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Discuss depreciation deductions under macrs

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Reference no: EM131796826

During 2015 Paxton, Inc., a calendar year taxpayer, placed the following property in service on the dates noted (ignore the Section 179 deduction and bonus depreciation):

3/15/15 7 year property costing $295,000

12/1/15 5 year property costing $205,000

a) If no other properties were placed in service in 2015, determine Paxton's 2015 and 2016 depreciation deductions under MACRS.

B) If both properties had been placed in service on March 15, determine Paxton's 2015 and 2016 depreciation deductions under MACRS.

Reference no: EM131796826

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