Asset cost ($)
Method
MACRS (IRS Pub 946)
Straight-line
Property class
3-Year Property (Tractor units, special handling devices)
5-Year Property (Computers, cars, light trucks, office machinery)
7-Year Property (Office furniture, fixtures, appliances)
10-Year Property (Vessels, barges, specific manufacturing eq.)
$10,000
$2,100 tax saved in year 1 · $10,500 over 6 years
MACRS 5-year, half-year convention
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