Calculate the 2021 depreciation for a 5 year asset costing $390,000 put in service on...

60.1K

Verified Solution

Question

Accounting

Calculate the 2021 depreciation for a 5 year asset costing $390,000 put in service on 9/21/2021
Show your calculation and answer below (for example 10,000 X 20% = 2,000).
2. Calculate the 2021 depreciation for a 5 year asset costing $510,000 put in service on 6/6/2020.
Show your calculation and answer below (for example 10,000 X 20% = 2,000).
3. Calculate the 2021 depreciation for a 7 year asset costing $290,000 put in service on 7/20/2021
Show your calculation and answer below (for example 10,000 X 20% = 2,000).
4. Calculate the 2021 depreciation for a 7 year asset costing $190,000 put in service on 3/13/2018
Show your calculation and answer below (for example 10,000 X 20% = 2,000).
5. Calculate the 2021 depreciation for residential rental real property costing $12,000,000 put in service on 5/11/2021
Show your calculation and answer below (for example 10,000 X 20% = 2,000).
6. Calculate the 2021 depreciation for residential rental real property costing $16,000,000 put in service on 4/26/2016
Show your calculation and answer below (for example 10,000 X 20% = 2,000).
7. Calculate the 2021 depreciation for nonresidential real property costing $20,000,000 put in service on 2/16/1993.
Show your calculation and answer below (for example 10,000 X 20% = 2,000).
8. Calculate the 2021 depreciation for nonresidential real property costing $24,000,000 put in service on 8/8/2021
Show your calculation and answer below (for example 10,000 X 20% = 2,000).


Use the depreciation table:

imageimage

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students