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Question 9 Not yet answered Compute MACRS depreciation for the following qualified assets for the...

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Question 9 Not yet answered Compute MACRS depreciation for the following qualified assets for the calendar years 2020 and 2021: (Ignore bonus depreciation and Section 179 deduction.) [Refer to Ch. 6 Table 7 in the textbook for the depreciation rate] Points out of 1.00 Asset Year purchased Cost Salvage value Flag question Business equipment (7-year property) March 2020 $92500 $10,000 Car May 2020 13400 1,000 Office furniture (7-year property) July 2020 20500 3,000 Building (Office) January 2020 188000 5,000 What is the 2021 depreciation expense for the building? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.]

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