Modified Accelerated Cost Recovery System $($MACRS$)$ and Bonus Depreciation $($LO $8\mathrm{.}2)$

Calculate the following:

Click here to access the various depreciation tables. If required, round your final answers to the nearest dollar. If your answer is zero, enter $"0".$

Question Content Area

a$.$ The first year of depreciation on an office building that cost $$250,000$ purchased October $2,2023.$ This is the only placed in service this year.

b$.$ The second year $(2024)$ of depreciation on a computer that cost $$5,000$ purchased in May $2023,$ using the half$-$year convention and accelerated depreciation considering any bonus depreciation taken.