Question: please answer question 33 & 34. 33. Compute MACRS depreciation for the following qualified assets for the calendar years 2020 and 2021: (Ignore bonus depreciation

please answer question 33 & 34.

33. Compute MACRS depreciation for the following qualified assets for the calendar years 2020 and 2021: (Ignore bonus depreciation and the Soction 179 deduction) AN Your Purchased Cost Salvage Valua $10,000 March 2020 Business equipment (7-year property Car May 2020 $85,500 14.000 18:050 Office furniture (7-year property Building Office July 2020 January 2020 1.000 3,000 5,000 185.000 34. Refer to the facts in Problem 33 and assume that the straight-line method under the alternative MACRS system was elected over the MACRS recovery period for all the assets listed. Based on these facts, compute the 2020 and 2021 depreciation deductions for each of the assets listed. (Ignore bonus depreciation and the Soction 179 deduction)

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