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Exercise 8-28 (Algorithmic) (LO. 8) Jebali Company reports gross income of $684,800 and other property-related...

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Exercise 8-28 (Algorithmic) (LO. 8) Jebali Company reports gross income of $684,800 and other property-related expenses of $445,120 and uses a depletion rate of 21%. Calculate Jebali's depletion allowance for the current year. x Feedback Che Check My Work Natural resources (e.g., oil, gas, coal, gravel, and timber) are subject to depleti which can be seen as a form of depreciation applicable to natural resources. Exercise 8-22 (Algorithmic) (LO. 2) Andre acquired a computer on March 3, 2020, for $9,400. He elects the straight- line method for cost recovery. Andre does not elect immediate expensing under $ 179. He does not claim any available additional first-year depreciation. Click here to access the depreciation table to use for this problem. Calculate Andre's cost recovery deduction for the computer for tax years 2020 and 2021. 2020: 2021: A to

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