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Calculate the Following Amounts

Question 36

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Calculate the following amounts:
a. The first year of depreciation on a residential rental building costing $100,000, purchased on November 30.
b. The first year of depreciation on an auto used 100 percent in business, costing $30,000, purchased in May 2019. (No Section 179 or bonus depreciation).
c. The second year of depreciation on a computer used exclusively for business, costing $7,000, purchased May 2018.
d. The third year of depreciation on business furniture costing $1,000, purchased in July 2017, using the half-year convention and accelerated depreciation.

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a. $455 = 0.455% × $100,000
b....

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