Question: Ethan's Eggroll House purchased a new computer and printer in January for $1,500. In February, the business purchased a new oven for $1,200. How much

Ethan's Eggroll House purchased a new computer and printer in January for $1,500. In February, the business purchased a new oven for $1,200. How much depreciation will be taken on these items in the second year of service if the taxpayer does NOT elect to use Section 179 and does NOT use bonus depreciation? Depreciation Rate for Recovery Period Year 5-year 7-year 1 20.00% 14.29% 2 32.00 24.49 3 19.20 17.49 4 11.52 12.49 5 11.52 8.93 6 5.76 8.92 7 8.93 8 4.46

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