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-For real property placed in service after 1986, depreciation under the MACRS system is calculated...

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Accounting

-For real property placed in service after 1986, depreciation under the MACRS system is calculated using the

A) straight-line method and a mid-month convention in the year of acquisition and in the year of disposition.

B) straight-line method and a half-year convention in the year of acquisition and in the year of disposition.

C) 200% DB method and a mid-month convention in the year of acquisition and in the year of disposition.

D) 200% DB method and a half-year convention in the year of acquisition and in the year of disposition.

-Stanley purchases nonresidential real property costing $450,000 and places it in service in March 2017. What is Stanley's 2018 depreciation on the property?

A) $6,099

B) $7,692

C) $11,538

D) $12,908

-Enrico is a self-employed electrician. In April of the current year, Enrico acquired a used van (5-year property) for $15,000. He used the van 75% for business and 25% for personal purposes. Enrico does not apply Sec. 179 or bonus depreciation. The maximum depreciation deduction for the van is

A) $1,200.

B) $2,250.

C) $3,000.

D) $1,920.

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