Question: How do I fill out the 4562 for this information? Ryan also owns several assets that he uses in his business. Use the following information

How do I fill out the 4562 for this information? How do I fill out the 4562 for this information? Ryan also

Ryan also owns several assets that he uses in his business. Use the following information to compute tax depreciation for his business for 2019. He would like to deduct as much depreciation as possible for the year. 1) He purchased an office building on April 12, 2017 for $138,625. This is 39-year property. Accumulated Depreciation through December 31, 2018 is $6,076. 2) He purchased office furniture on October 10, 2017 for $5,820. This is 7-year property. He did not use Section 179 in 2017 but he did use the 50% bonus depreciation for 2017. He is using the mid-quarter convention to depreciate this furniture. Accumulated Depreciation through December 31, 2018 (including the bonus) is $3,816. 3) He purchased a new copy machine/printer on April 18, 2018 for $6,428. This is 5-year property. He did not use Section 179 in 2018 and he elected not to use the bonus depreciation on this asset for 2018. He is using the half-year convention to depreciate this machine. Accumulated Depreciation through December 31, 2018 is $1,286. 4) He purchased a new computer on March 12, 2019 for $3,482. This is 5-year property. Ryan also owns several assets that he uses in his business. Use the following information to compute tax depreciation for his business for 2019. He would like to deduct as much depreciation as possible for the year. 1) He purchased an office building on April 12, 2017 for $138,625. This is 39-year property. Accumulated Depreciation through December 31, 2018 is $6,076. 2) He purchased office furniture on October 10, 2017 for $5,820. This is 7-year property. He did not use Section 179 in 2017 but he did use the 50% bonus depreciation for 2017. He is using the mid-quarter convention to depreciate this furniture. Accumulated Depreciation through December 31, 2018 (including the bonus) is $3,816. 3) He purchased a new copy machine/printer on April 18, 2018 for $6,428. This is 5-year property. He did not use Section 179 in 2018 and he elected not to use the bonus depreciation on this asset for 2018. He is using the half-year convention to depreciate this machine. Accumulated Depreciation through December 31, 2018 is $1,286. 4) He purchased a new computer on March 12, 2019 for $3,482. This is 5-year property

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