Complete Form 4562

https://www.irs.gov/pub/irs-pdf/f4562.pdf

While completing undergraduate school work in information systems, Dallin Bourne and Michael Banks decided to start a business called ISys Answers, which was a technology support company. During year 1, they bought the following assets and incurred thee following fees at start-up: (Use MACRS Table 1. Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount) Year 1 Assets Purchase Date October 30, Y1 October 30, Y1 October 30, Y1 October 30, Y1 Basis $ Computers (5-year) Office equlpment (7-year) Furniture (7-year) Start-up costs 15,000 0,000 3,000 17,000 In April of Year 2, they decided to purchase a customer list from a company started by fellow information systems students preparing to graduate who provided virtually the same services. The customer list cost $10,000 and the sale was completed on April 30. During their summer break, Dallin and Michael passed on internship opportunities in an attempt to really grow their business into something they could do full-time after graduation. In the summer, they purchased a small van (for transportation, not considered a luxury auto) and a pinball machine (to help attract new employees). They bought the van on June 15, Y2, for $15,000 and spent $3,000 getting it ready to put into service. The pinball machine cost $4,000 and was placed in service on July 1, Y2 Year 2 Assets Purchase Date June 15, Y2 July 1, Y2 April 30, Y2 Basis $ 18,000 Van Pinball machlne (7-year) Customer list 4,000 0,000 Assume that ISys Answers does not claim any 5179 expense or bonus depreciation