Bonnie Jo Used Two Assets During the Current Year

question 73

Essay

Bonnie Jo used two assets during the current year. The first was computer equipment with an original basis of $15,000, currently in the second year of depreciation anddepreciated under the half-year convention. This asset was disposed of on October 1^st of the current year. The second was furniture with an original basis of $24,000, placed in service during the first quarter, currently in the fourth year of depreciation, anddepreciated under the mid-quarter convention. What is Bonnie Jo's depreciation deduction for the current year? (Round final answer to the nearest whole number.)(Use MACRS Table 1 and Table 2.)

---

Definitions:

Water Protection

Measures and initiatives implemented to preserve and safeguard water resources from pollution, depletion, and other forms of environmental degradation.

Land Protection

The methods and strategies used to conserve, preserve, and protect land and its natural resources from degradation, pollution, and destruction.

Biodiversity

The variety and variability of life on Earth, encompassing the diversity of species, ecosystems, and genetic variations.

Water Pollution

The contamination of water bodies (e.g., lakes, rivers, oceans, aquifers) due to harmful substances or activities, which degrades water quality and affects aquatic ecosystems and human health.