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Steve Edwards Enterprises is a sole proprietorship. It is planning to purchase a significant amount...

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Accounting

Steve Edwards Enterprises is a sole proprietorship. It is planning to purchase a significant amount of property this year, all of which will be classified as 5-year property for purposes of MACRS depreciation. It would like to know the difference in the total first- and second-year depreciation deductions resulting from the two cost acquisition patterns outlined below:

(Ignore bonus depreciation and Section 179.)

Property Acquisition Dates

Plan A

Plan B

1/28

$250,000

$ 75,000

5/15

120,000

250,000

10/6

180,000

225,000

$550,000

$550,000

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