Question: Please help me with this question Depreciation and Amortization 8-35 18. MACRS and Averaging Conventions. (Objs. 1, 3, 5) Howard (SSN 748-29-4631) operates the H.

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Depreciation and Amortization 8-35 18. MACRS and Averaging Conventions. (Objs. 1, 3, 5) Howard (SSN 748-29-4631) operates the H. B. Fields Company as a sole proprietorship. H.B. Fields has the following depreciable property. The automobile is used 100% for business. Howard has written evidence of the business use, which was 19,280 miles in 2019. He has another vehicle he uses for personal use. No section 179 allowance was claimed on any qualifying property. Using this information, prepare Howard's 2019 Form 4562, Depreciation and Amortization. A blank form is located below. Date of Averaging Acquisition Item Cost Convention January 30, 2017 Used car $24,000 HY March 10, 2018 Garage for auto 39,000 MM August 6, 2018 New machine 12,460 HY December 1, 2016 Used desk 1,910 MQ ased an office build

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