Question: Hello Vjvgoe, I need help with this assignment. Have worked through it but need help. fTABLE 23 MACHE Mid-Dunner Emwntiun: Ear pram-party pieced in service

 Hello Vjvgoe, I need help with this assignment. Have worked throughit but need help. \fTABLE 23 MACHE Mid-Dunner Emwntiun: Ear pram-party piecedin service during the rst quener Depreciatien Hater-:1 Heceuew Feriud 'I'hlr E-mrT-'h'l' 1 35.33% 25.11333 2 23.33 21.43 3 15.33 13.31 4 11.3111.1.33 3 11.31 3.23 3 1.33 3.31 T 3.33 3 1.33 TA3 L E 2b MAEFIE Midul rter Cnnwntiun: Far pray-em placed ineel-vice during the eeeend quener Depreciatiun Hate {Dr Henna-very Period 'E'ur E-'Il'll'Tar-Ir 1 25.3331 113333 2 33.33 23.11? 3 13.33 13.13 4 11.31I11.3? 3 11.3? 3.3? 3 4.23 3.3? T 3.3? B 3.3-1 TAB

Hello Vjvgoe, I need help with this assignment. Have worked through it but need help.

LE 21: M3333 Midiuartar cmwntiun: Ear pmpH-'Tr placed in seminal during thethird quedr Depreciaticrn Hate fcrr Flew-mew Paried 11531 H- E'EJE'I 113.22 13.323.1313 13.135 3.31! 5.53 lthM-i TAB LE 2d \"AGE-Mid uarhlr mentinn: Ferpmpa-dr pieced in service during 2113 fuun quarter Depre-uiatinn Hate far He:Inna-awr Fariud 'r E-w-Ir 1-1113! 1 5.3333 3.52% 2 33.110 2155 322.313 13.33 a 11% 14.33 E 13.34 13.341 3 3.53 3.13 T333 3 2.3-1 TABLE 3 Residential Rental Property Mid-Month Convention Straight Line27.5YearsMonth Property Placed in Service bar 1 2 3 4 5 BT 8 9 10 11 12 1 29 10 11 12 13

\fTABLE 23 MACHE Mid-Dunner Emwntiun: Ear pram-party pieced in service during the rst quener Depreciatien Hater-:1 Heceuew Feriud 'I'hlr E-mr T-'h'l' 1 35.33% 25.11333 2 23.33 21.43 3 15.33 13.31 4 11.31 11.1.33 3 11.31 3.23 3 1.33 3.31 T 3.33 3 1.33 TA 3 L E 2b MAEFIE Midul rter Cnnwntiun: Far pray-em placed in eel-vice during the eeeend quener Depreciatiun Hate {Dr Henna-very Period 'E'ur E-'Il'll' Tar-Ir 1 25.3331 113333 2 33.33 23.11? 3 13.33 13.13 4 11.31I 11.3? 3 11.3? 3.3? 3 4.23 3.3? T 3.3? B 3.3-1 TAB LE 21: M3333 Midiuartar cmwntiun: Ear pmpH-'Tr placed in seminal during the third quedr Depreciaticrn Hate fcrr Flew-mew Paried 11531 H- E'EJE'I 113.22 13.32 3.1313 13.135 3.31! 5.53 lthM-i TAB LE 2d \"AGE-Mid uarhlr mentinn: Fer pmpa-dr pieced in service during 2113 fuun quarter Depre-uiatinn Hate far He: Inna-awr Fariud 'r E-w-Ir 1-1113! 1 5.3333 3.52% 2 33.110 2155 3 22.313 13.33 a 11% 14.33 E 13.34 13.341 3 3.53 3.13 T 333 3 2.3-1 TABLE 3 Residential Rental Property Mid-Month Convention Straight Line27.5Years Month Property Placed in Service bar 1 2 3 4 5 B T 8 9 10 11 12 1 29 10 11 12 13 14 15 18 1? 18 19 20 21 22 23 24 25 26 2? 28 29 TABLE 4 Nonresidential Real Property Mid-Month Convention Straight Line31.5'I'bars {for assets placed in service before May13,1993) Month Property Placed in Service War 1 2 3 4 5 B T 8 9 1O 11 12 1 3.042% 2.??8'1'5 2.513% 2.249% 1.984% 1.?20'1'5 1 .1155% 1.190% 0.928% 8.881% 0.39?% 8.132% 2? 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 8 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 3.1?5 9 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 10 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 11 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 12 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 13 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 14 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 15 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 18 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 1? 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 18 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 19 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 20 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 21 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 22 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 23 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.115 3.1?4 3.1?5 3.1?4 3.1?5 24 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 25 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 28 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 2? 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 28 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 29 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 30 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 31 3.1?11 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 3.1?4 3.1?5 32 1.? 20 1.9841 2.2119 2.513 2.??8 3.042 3.1 ?5 3.1?4 3.1?5 3.1?11 3.1?5 3.1?11 33 0.132 0.39? 0.881 0.928 1.190 1.1155 ABLE 5 Nonresidential Real Property Mid-Month Convention Straight LineSB'l'ears (for assets placed in service on or after May 13, 1993) Month property placed in service War 1 2 3 3" B 9 1D 12 1 2.461% 2.24?% 2.033% 1.819% 1.605% 1.391% 1.1??% 0.98% 0349!: 0.535% 0.321% 0.10?% 239 2.56! 2.584 2.534 2.584 2.58-1- 2.534 2.584!- 2.534 2.564- 1554 2.564 2.5641 40 0.10? 0.321 0.535 0349 0.353 1.1??? 1.391 1.605 1.819 2&'83 2.24? 2.461 {The folioMng information applies to the questions displayed below] Dain's Diamond Bit Drilling purchased the foiiuwing assets this year. Punch-e Orlglnal Amt Dale Emls Di'III blls (5-yean Feb25 5 102.500 Drlll blls {Eyean Augi16 113.250 Commercial building May-02 266,000 Assume its laxabie inc-me for the year was 355,2 50 before deducting any 179 expense {assume no bonus depreciation). (Use MACRS Table 1, Table 2, Ta bie 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your nal answer: to the nearest whole dollar amount. Leave no answer blank. Enter tern if applicable.) WW liequlred Infonnallon moo paints a. What is the maximum amount of 179 expense Dain may deduct for the year? References eouk In Resources Problem Learning Obiect'we: 10-62 Determine the applicable net recavery (depreciation) life. method. and convention for langlble personal and real property and calcuiale the deducla'on allowable under basic MACRS. Difculty: 2 Medium Learning Objective: 10-03 Explain Ire value: 10.00 points b. What is Dain'a maximum depreciation expense for the year (including 179 expense)? References eBook E Reaou rcee Pmblem Learning Objective: 10-02 Determine the applicable cost recovery (depreciation) life. method. and convention for tanglbta personal and real property and calculate the deduction allowable under basic MACRS. value: 10.00 point e. lfthe February drill bits' original basis was 32.391500, what is the maximum amount of 179 expense Dain may deduct for the year? -: References Problem eook 0. Resources Learnlng Objective: 10-02 Determine the applicable cost recovery (depreciation) ilfe, malhod. and convention for tangible personal and heal property and calculate the deduction allowable under basic MACRS. hiked hfnrllldlon d. If lha Fsbmary dn'll bits' basis was $2,511,500. what is lhe maximum amnunl of 1T9 axpansa Dain may deduct for the year? -: Reflrannas aBoak 8. Resources Problem Learning Objective: 10-02 Datamlne ma appllmbla oust recovery (dapradalinn) life, malhod. and oonvanlion fur tangibia personal and real property and calcuiala the daduc'lion allowable under basic MACRS

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