i More Info Little Corporation acquired and placed in service the following 100% business-use assets....

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i More Info Little Corporation acquired and placed in service the following 100% business-use assets. Little did not claim Sec. 179 or bonus depreciation expensing on any of these properties. A (Click the icon to view the business-use assets.) ervice Read the requirements Truck (light-duty, modified non-personal use) costing $24,000: Placed in service on March 3.2019 with a 5-year MACRS recovery period. Machinery costing S70,000: Placed in service on November 15, 2019 with a 7-year MACRS recovery period. Land costing 895,000: Placed in service on October 12, 2019 Building costing $180,000: Placed in service on December 4, 2019 with a 39-year MACRS recovery period. Requirement a. What is Little's total depreciation deduction in 2019? (Use MACRS rates to three decimal places. X.XXX%. Round all amounts to the nearest dollar Asset 2019 Depreciation Truck Print Done Machinery Land Building Total depreciation Requirement b. Little Corporation sells the machinery on February 2 2021 and sells the building on September 18, 2021. What are the adjusted bases of these two assets on the dates of sale (compute accumulated depreciation to date of sale)? Select the formula and enter the amounts to compute the adjusted basis of the two assets on the sale date. (Use MACRS rates to three decimal places. X.XXX%. Round interim annual depreciation calculations and your final answers to the nearest dollar.) Asset Adjusted basis at time of sale Machinery Building

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