Calculate the following: a. The first year of depreciation on a residential rental building costing $200,000 purchased

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Calculate the following:
a. The first year of depreciation on a residential rental building costing $200,000 purchased May 2, 2014. $ __________________
b. The second year of depreciation on a computer costing $3,000 purchased in May 2013, using the half-year convention and accelerated depreciation. $ __________________
c. The first year of depreciation on a computer costing $4,000 purchased in May 2014, using the half-year convention and straight-line depreciation. $ __________________
d. The third year of depreciation on business furniture costing $10,000 purchased in March 2012, using the half-year convention and accelerated depreciation. $ __________________
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Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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