Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) Calculate the following: a. The first year of depreciation on a residential rental building costing $250,000 purchased June 2, 2019. $fill in the blank 2ef717fcefacfe5_1 b. The second year (2020) of depreciation on a computer costing $5,000 purchased in May 2019, using the half-year convention and accelerated depreciation considering any bonus depreciation taken. $fill in the blank 392b41f99f9cfec_1 c. The first year of depreciation on a computer costing $2,800 purchased in May 2019, using the half-year convention and straight-line depreciation with no bonus depreciation. $fill in the blank 8a54e4fe9fac058_1
Modified Accelerated Cost Recovery System (MACRS) (LO 8.2)
Calculate the following:
a. The first year of
$fill in the blank 2ef717fcefacfe5_1
b. The second year (2020) of depreciation on a computer costing $5,000 purchased in May 2019, using the half-year convention and accelerated depreciation considering any bonus depreciation taken.
$fill in the blank 392b41f99f9cfec_1
c. The first year of depreciation on a computer costing $2,800 purchased in May 2019, using the half-year convention and straight-line depreciation with no bonus depreciation.
$fill in the blank 8a54e4fe9fac058_1
d. The third year of depreciation on business furniture costing $10,000 purchased in March 2017, using the half-year convention and accelerated depreciation but no bonus depreciation.
$fill in the blank 675485ffb004fc2_1
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