Raul purchased a new office computer system on February 15, 2015, at a cost of $8,300. He would like to use the General Depreciation System (GDS) straight-line method to depreciate the system and does not want to claim bonus depreciation. Using the half-year convention, compute his 2015 and 2016 depreciation.

His 2015 depreciation is $1,660, and his 2016 depreciation is $2,656.

His 2015 depreciation is $1,453, and his 2016 depreciation is $1,660.

His 2015 depreciation is $830, and his 2016 depreciation is $1,660.

His 2015 depreciation is $691, and his 2016 depreciation is $1,384

Answer rating: 100% (QA)

Depreciation Schedule Year Basis Depreciation Accumulated Ending E... View the full answer