Problem 8-9 Modified Accelerated Cost Recovery System (MACRS) (LO 8.2)

Calculate the following:

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a. The first year of depreciation on a office building that cost $250,000 purchased June 2, 2022. $

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b. The second year (2023) of depreciation on a computer that cost $5,000 purchased in May 2022, using the half-year convention and accelerated depreciation considering any bonus depreciation taken. $

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c. The first year of depreciation on a computer costing $2,800 purchased in May 2022, using the half-year convention and straight-line depreciation with no bonus depreciation. $

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d. The third year of depreciation on business furniture costing $10,000 purchased in March 2020, using the half-year convention and accelerated depreciation but no bonus depreciation. $

Would you kindly assist and explain:) I'm grateful for your help :)