Question: Please help me fill the blanks. Problem Set # 2 Spring 2020 DEPRECIATION EXERCISE Name: Prior Current Accumulated Year Depreciation Depreciation - Asset Description Warehouse

 Please help me fill the blanks. Problem Set # 2 Spring

Please help me fill the blanks.

Problem Set # 2 Spring 2020 DEPRECIATION EXERCISE Name: Prior Current Accumulated Year Depreciation Depreciation - Asset Description Warehouse Warehouse land Apartment building Apartment land Warehouse improvements Office furniture Office furniture Office furniture Delivery truck New parking lot Computer equipment Office furniture New roof-Apartment Date of Purchase 7/15/2008 7/15/2008 9/13/2009 9/13/2009 2/5/2011 4/17/2015 9/12/2016 2/9/2016 8/17/2017 6/19/2017 3/4/2019 11/9/2019 6/30/2019 Recovery Cost Life Method 470, 000 39 Yr S/L 45,000 N/A 375, 000 27.5 Yr S/L 35, 000N/A 49, 500 15 Yr S/L 23, 000 7 Yr MACRS 6,000 7 Yr S/L 3,000 7 Yr S/L 33, 500 5 Yr MACRS 65, 000 15 Yr MACRS 2,700 5 Yr MACRS 25, 000 7 Yr MACRS 45,000 27.5 Yr S/L Total From the information provided, calculate accumulated depreciation and the depreciation deduction for 2019. Assume no bonus depreciation or section 179 expense was taken with respect to any asset purchased. Problem Set # 2 Spring 2020 DEPRECIATION EXERCISE Name: Prior Current Accumulated Year Depreciation Depreciation - Asset Description Warehouse Warehouse land Apartment building Apartment land Warehouse improvements Office furniture Office furniture Office furniture Delivery truck New parking lot Computer equipment Office furniture New roof-Apartment Date of Purchase 7/15/2008 7/15/2008 9/13/2009 9/13/2009 2/5/2011 4/17/2015 9/12/2016 2/9/2016 8/17/2017 6/19/2017 3/4/2019 11/9/2019 6/30/2019 Recovery Cost Life Method 470, 000 39 Yr S/L 45,000 N/A 375, 000 27.5 Yr S/L 35, 000N/A 49, 500 15 Yr S/L 23, 000 7 Yr MACRS 6,000 7 Yr S/L 3,000 7 Yr S/L 33, 500 5 Yr MACRS 65, 000 15 Yr MACRS 2,700 5 Yr MACRS 25, 000 7 Yr MACRS 45,000 27.5 Yr S/L Total From the information provided, calculate accumulated depreciation and the depreciation deduction for 2019. Assume no bonus depreciation or section 179 expense was taken with respect to any asset purchased

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