he first year of depreciation on a residential rental building costing $250,000 purchased June 2, 2019.     b.   The second year (2020) of depreciation on a computer costing $5,000 purchased in May 2019, using the half-year convention and accelerated depreciation considering any bonus depreciation taken.

Cornerstones of Financial Accounting
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Chapter7: Operating Assets
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Modified Accelerated Cost Recovery System (MACRS) (LO 8.2)

Calculate the following:

Click here to access the various depreciation tables. If required, round your final answers to the nearest dollar. If your answer is zero, enter "0".

a.  The first year of depreciation on a residential rental building costing $250,000 purchased June 2, 2019.

 

 

b.   The second year (2020) of depreciation on a computer costing $5,000 purchased in May 2019, using the half-year convention and accelerated depreciation considering any bonus depreciation taken.

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