Andrea, a cash method taxpayer, starts her company (an LLC) in 2023. Since her company is...

 

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Andrea, a cash method taxpayer, starts her company (an LLC) in 2023. Since her company is new, she has to purchase many items for the business. Below are the list of items Andrea purchased in 2023: Date Purchase 2/05/2023 4/13/2023 7/7/2023 11/29/2023 Item Computers Furniture Equipment Car Cost $50,000 $10,000 $120,000 $35,000 Note To use as the delivery vehicle What is Andrea's total depreciation expenses in the next year (2024)? Show details calculation and explanation. Andrea, a cash method taxpayer, starts her company (an LLC) in 2023. Since her company is new, she has to purchase many items for the business. Below are the list of items Andrea purchased in 2023: Date Purchase 2/05/2023 4/13/2023 7/7/2023 11/29/2023 Item Computers Furniture Equipment Car Cost $50,000 $10,000 $120,000 $35,000 Note To use as the delivery vehicle What is Andrea's total depreciation expenses in the next year (2024)? Show details calculation and explanation.

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