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

Essay

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?