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I’m going through Sim #40, which mentions office supplies and personal computers.
How would I go about in finding the IRC section that would support the following rationale?
Office furniture is classified as 7-year property; the depreciation expense for the first year is $4,287, which is $30,000 Ă— 14.29%.
Personal computers are classified as 5-year property; the depreciation expense for the first year is $2,400, which is $12,000 Ă— 20%.AUD - 93
BEC - 87
FAR - 77
REG - 77------------
Corporate finance leaderBEC - 87 | 02/28
REG - 70 | 06/10, REMATCH | 08/30
AUD - XX | 09/10
FAR - XX | 12/10
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