Calculate the following amounts:
a.The first year of depreciation on a residential rental building costing $100,000,purchased on August 30.
b.The first year of depreciation on an auto used 100 percent in business,costing $30,000,purchased in May,2013.No bonus depreciation deducted).
c.The second year of depreciation on a computer used exclusively for business,costing $8,000,purchased May 2012.
d.The third year of depreciation on business furniture costing $1,000,purchased in July 2011,using the half-year convention and accelerated depreciation.
Correct Answer:
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b...
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