During 2012, Palo Fiero purchases the following property for use in his manufacturing business:

Palo uses the accelerated depreciation method under MACRS, if available, and does not make the election to expense or take bonus depreciation. Use Form 4562 on pages 7-37 and 7-38 to report Palo's depreciation expense for 2012.

te rn Manufacturing equipment Office furniture Office computer Passenger automobile (used Date Aaqtuired June 2, 2012 November 15,2012 September 18, 2012 Cast S 35,000 4,500 3,500 90 percent for business)May 31, 2012 35,000 Warehouse March 23, 2012 Building Land 165,000 135,000