In 2019, Andes Corporation purchases $1.5 million of machinery (7-year property) and places it into service...

   

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In 2019, Andes Corporation purchases $1.5 million of machinery (7-year property) and places it into service in its business. (Cick the icon to view the MACRS half-year convention rates.) Read the requirements- a. What are Andes' depreciation deductions for 2019 and 2020 if Andes does not elect Sec. 179 expensing and elects out of bonus depreciation. (Enter amounts in whole numbers, do not enter amounts in millions. Use MACRS rates to two decimal places, X.XX%. Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "o" for any zero amounts.) 2019 2020 Sec. 179 expense Bonus depreciation MACRS depreciation Total depreciation b. What are Andes' depreciation deductions for 2019 and 2020 if Andes olects Sec. 179 expensing for the assets and does not elect out of bonus depreciation. (Enter armounts in whole numbers, do not enter amounts in millions. Use MACRS rates to two decimal places, XXX%. Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "0" for any zero amounts.) 2019 2020 Sec. 179 expense Bonus depreciation MACRS depreciation Enter any number in the edit fields and then continue to the next question. c. What are Andes' depreciation deductions for 2019 and 2020 if Andes does not elect Sec. 179 expensing and does not elect out of bonus depreciation. (Ente amounts in whole numbers, do not enter amounts in millions. Use MACRS rates to two decimal places, X.XX%. Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "0" for any zero amounts.) 2019 2020 Sec. 179 expense Bonus depreciation MACRS depreciation Total depreciation Enter any nurmber in the edit fields and then continue to the next question. to vie nents Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year s' depr o not e fields htion. (Enter amounts in nearest dollar. Year 1 33.33 20.00 14.29 10.00 5.00 3.750 Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17,49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7,70 6.177 se Year 5 11.52 8.93 9.22 6.93 5.713 tion Year 6 5.76 8.92 7.37 6.23 5.285 iation Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 on Year 9 6.56 5.91 4.462 des' dep in whole Complete Year 10 6.55 5.90 4.461 bonus depreciation. Jepreciation to the Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 Year 14 5.90 4.461 nse Year 15 5.91 4.462 iation Year 16 2.95 4.461 ciation Year 17 4.462 ber in the Print Done In 2019, Andes Corporation purchases $1.5 million of machinery (7-year property) and places it into service in its business. (Cick the icon to view the MACRS half-year convention rates.) Read the requirements- a. What are Andes' depreciation deductions for 2019 and 2020 if Andes does not elect Sec. 179 expensing and elects out of bonus depreciation. (Enter amounts in whole numbers, do not enter amounts in millions. Use MACRS rates to two decimal places, X.XX%. Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "o" for any zero amounts.) 2019 2020 Sec. 179 expense Bonus depreciation MACRS depreciation Total depreciation b. What are Andes' depreciation deductions for 2019 and 2020 if Andes olects Sec. 179 expensing for the assets and does not elect out of bonus depreciation. (Enter armounts in whole numbers, do not enter amounts in millions. Use MACRS rates to two decimal places, XXX%. Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "0" for any zero amounts.) 2019 2020 Sec. 179 expense Bonus depreciation MACRS depreciation Enter any number in the edit fields and then continue to the next question. c. What are Andes' depreciation deductions for 2019 and 2020 if Andes does not elect Sec. 179 expensing and does not elect out of bonus depreciation. (Ente amounts in whole numbers, do not enter amounts in millions. Use MACRS rates to two decimal places, X.XX%. Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "0" for any zero amounts.) 2019 2020 Sec. 179 expense Bonus depreciation MACRS depreciation Total depreciation Enter any nurmber in the edit fields and then continue to the next question. to vie nents Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year s' depr o not e fields htion. (Enter amounts in nearest dollar. Year 1 33.33 20.00 14.29 10.00 5.00 3.750 Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17,49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7,70 6.177 se Year 5 11.52 8.93 9.22 6.93 5.713 tion Year 6 5.76 8.92 7.37 6.23 5.285 iation Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 on Year 9 6.56 5.91 4.462 des' dep in whole Complete Year 10 6.55 5.90 4.461 bonus depreciation. Jepreciation to the Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 Year 14 5.90 4.461 nse Year 15 5.91 4.462 iation Year 16 2.95 4.461 ciation Year 17 4.462 ber in the Print Done