Calculate the Following Amounts

question 85

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, 2014. (No bonus depreciation deducted).
c. The second year of depreciation on a computer used exclusively for business, costing $7,000, purchased May 2013.
d. The third year of depreciation on business furniture costing $1,000, purchased in July 2012, using the half-year convention and accelerated depreciation.

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