Question: While completing college work in information systems, John Jones decided to start a technology support company called Macro Quick. During 2021, he bought the following
While completing college work in information systems, John Jones decided to start a technology support company called Macro Quick. During 2021, he bought the following assets and incurred the following start-up fees: 2021 Assets Purchase Date Basis Computers (5 years) October 31,2021 $15,000 Office equipment (7 Years) October 31, 2021 $10,000 Furniture (7 Years) October 31, 2021 $3,000 Start-up costs October 31, 2021 $17,000 In April of 2022, he decided to purchase a customer list from a company providing virtually the same services, started by fellow information systems students preparing to graduate. The customer list cost $10,000, and the sale was completed on April 30, 2022. During his summer break, John Jones purchased a small van (for transportation, not considered a luxury auto) and a pinball machine (to help attract new employees). He bought the van on June 15, 2022, for $15,000 and spent $3,000 getting it ready to put into service. The pinball machine cost $4,000 and was placed in service on July 1, 2022. 2022 Assets Acquired Purchase Date Basis Van June 15, 2022 $18,000 Pinball Machine (7-year) July 1, 2022 $4,000 Customer List April 30, 2022 $10,000 Assume that Macro Quick does not claim any section 179 expense or bonus depreciation. Complete Macro Quicks Form 4562 for 2021 (use the 2021 year form). i need help to fill out form 4562
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