Question: can someone explain how i can do this ? im not understanding the process Casper used the following assets in his Schedule Ctrade or business
Casper used the following assets in his Schedule Ctrade or business in the tax year 2021. Casper is a new client and unfortunately does not have a copy of his prior year's tax return. He recalls that all of the assets purchased in prior years used MACRS depreciation (no $179 expense or bonus). Casper does not wish to take a $179 or bonus depreciation (Use Table 6A1 and Table 6A 8) Required: Calculate the current-year depreciation allowance for Casper's business Note: Round your final answers to the nearest whole dollar amount. Asset Cost Method 2021 Expense Computer 1 Computer 2 Printer Computer 3 Equipment Auto Furniture 1 Furniture 2 Office building Date Purchased Date Sold 03/12/2018 05/05/2018 05/15/2021 08/25/2021 05/25/2021 03/20/2019 05/01/2021 02/12/2019 08/25/2021 08/15/2019 04/01/2021 Business Use 100% S 100% S 100% $ 100% $ 100% s 90% S 100% $ 3,000 5 year MACRS 2500 5 year MACRS 2,200 5 year MACRS 2,800 5 year MACRS 2,700 7 year MACRS 20,000 5 year MACRS 22,000 7 year MACRS 3,600 7 year MACRS 330,000 39 SL 100% $ 100% $
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