Essay
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 2017.(No bonus depreciation deducted).
c.The second year of depreciation on a computer used exclusively for business,costing $7,000,purchased May 2016.
d.The third year of depreciation on business furniture costing $1,000,purchased in July 2015,using the half-year convention and accelerated depreciation.
Correct Answer:

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a.$455 = 0.455% × $100,000
b.$...View Answer
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Correct Answer:
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b.$...
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