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ABC Co. has acquired various types of assets recently. Below is a list of assets acquired between 2019 and 2021. ABC elected out of 179 expense in all years. ABC elected out of bonus depreciation in 2020 and 2021, but took bonus depreciation in 2019. Calculate ABCs depreciation expense for 2021, rounded to the nearest whole dollar. First, calculate if the companys convention: Half-year or Mid-quarter for each calendar year.

Convention Year Asset Warehouse Machinery Computers Office Furniture (1) Office Building Office Furniture (2) Luxury Sedan Cost Basis $800,000 250,000 25,000 90,000 560,000 280,000 90,000 Date Placed in Service May 1, 2019 December 24, 2019 January 10, 2020 June 15, 2020 March 15, 2021 September 15, 2021 October 24, 2021 MACRS Deprec Exp Second, complete the schedule below to compute the 2021 depreciation expense: Less: Asset $179 or Remaining MACRS Cost Basis Bonus Basis Rate Warehouse 800,000 Machinery 250,000 Computers 25,000 Furniture (1) 90,000 Office 560,000 Building Furniture (2) 280,000 Luxury 90,000 Sedan Sub-Totals Total Deprec Convention Year Asset Warehouse Machinery Computers Office Furniture (1) Office Building Office Furniture (2) Luxury Sedan Cost Basis $800,000 250,000 25,000 90,000 560,000 280,000 90,000 Date Placed in Service May 1, 2019 December 24, 2019 January 10, 2020 June 15, 2020 March 15, 2021 September 15, 2021 October 24, 2021 MACRS Deprec Exp Second, complete the schedule below to compute the 2021 depreciation expense: Less: Asset $179 or Remaining MACRS Cost Basis Bonus Basis Rate Warehouse 800,000 Machinery 250,000 Computers 25,000 Furniture (1) 90,000 Office 560,000 Building Furniture (2) 280,000 Luxury 90,000 Sedan Sub-Totals Total Deprec

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