Question: This is all information I got which I don't think any of it is not visible as expert said. *Land is not depreciable. The question
This is all information I got which I don't think any of it is not visible as expert said. *Land is not depreciable.
The question is "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."
| Prior | Current | |||||||
| Date of | Recovery | Accumulated | Year | |||||
| Asset Description | Purchase | Cost | Life | Method | Depreciation | Depreciation | ||
| Warehouse | 7/15/2008 | 470,000 | S/L | |||||
| Warehouse land | 7/15/2008 | 45,000 | Not depreciable | |||||
| Apartment building | 9/13/2009 | 375,000 | S/L | |||||
| Apartment land | 9/13/2009 | 35,000 | Not depreciable | |||||
| Warehouse improvements | 2/5/2011 | 49,500 | S/L | |||||
| Office furniture | 4/17/2015 | 23,000 | MACRS | |||||
| Office furniture | 9/12/2016 | 6,000 | S/L | |||||
| Office furniture | 2/9/2016 | 3,000 | S/L | |||||
| Delivery truck | 8/17/2017 | 33,500 | MACRS | |||||
| New parking lot | 6/19/2017 | 65,000 | MACRS | |||||
| Computer equipment | 3/4/2019 | 2,700 | MACRS | |||||
| Office furniture | 11/9/2019 | 25,000 | MACRS | |||||
| New roof-Apartment | 6/30/2019 | 45,000 | 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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