Calculate the Following Amounts

question 73

Essay

Calculate the following amounts:
a.The first year of depreciation on a residential rental building costing $100,000, purchased on November 30.
b.The first year of depreciation on an auto used 100 percent in business, costing $30,000, purchased in May 2015.(No bonus depreciation deducted).
c.The second year of depreciation on a computer used exclusively for business, costing $7,000, purchased May 2014.
d.The third year of depreciation on business furniture costing $1,000, purchased in July 2013, using the half-year convention and accelerated depreciation.

---

Definitions:

Prostatic Hypertrophy

An enlargement of the prostate gland, common in older men, that can cause urinary problems.

Prostate Gland

A chestnut-shaped gland that surrounds the beginning of the urethra in the male.

Dilation And Curettage

A surgical procedure where the cervix is dilated and a special instrument is used to scrape the uterine lining for diagnostic or therapeutic purposes.

Tampons

Absorbent materials inserted into the vagina to absorb menstrual blood.