Depreciation: Calculate the amount of depreciation on the below assets. You do not need to complete Form

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Depreciation: Calculate the amount of depreciation on the below assets. You do not need to complete Form 4562. Assume Julie took 50% bonus depreciation on the tangible personal property in the year she placed the asset into service. Also, recall that you must adjust the full year depreciation rate when an asset is sold during the year.

Description	Life	Cost Basis	Purchase Date	Sale Date	Convention
Computer	5	3,000	January 2015	N/A	Half-year
Furniture	7	5,000	December 2016	N/A	Mid-quarter
Office Building	39	120,000	September 2013	July 2019	Mid-month