Mehmet, a calendar-year taxpayer, acquires 5-year tangible personal property in 2016 and does not use Sec. 179. The property does not qualify for bonus depreciation. Mehmet places the property in service on the following schedule:
$\begin{array}{ll}
\text {Date placed in service}&\text {Acquisition Cost}\
\text { January } 15 & \$ 50,000 \
\text { May } 25 & \$ 100,000 \
\text { November } 8 & \$ 200,000
\end{array}$ What is the total depreciation for 2016?

Question

Mehmet, a calendar-year taxpayer, acquires 5-year tangible personal property in 2016 and does not use Sec. 179. The property does not qualify for bonus depreciation. Mehmet places the property in service on the following schedule:
 $\begin{array}{ll}
\text {Date placed in service}&\text {Acquisition Cost}\
\text { January } 15 & \$ 50,000 \
\text { May } 25 & \$ 100,000 \
\text { November } 8 & \$ 200,000
\end{array}$  What is the total depreciation for 2016?

Quizplus · Accepted Answer

The Answer of Mehmet, a calendar-year taxpayer, acquires 5-year tangible personal property in 2016 and does not use Sec. 179. The property does not qualify for bonus depreciation. Mehmet places the property in service on the following schedule:
 $\begin{array}{ll}
\text {Date placed in service}&\text {Acquisition Cost}\
\text { January } 15 & \$ 50,000 \
\text { May } 25 & \$ 100,000 \
\text { November } 8 & \$ 200,000
\end{array}$  What is the total depreciation for 2016?

Mehmet, a Calendar-Year Taxpayer, Acquires 5-Year Tangible Personal Property in 2016