Refer to the facts in Problem 33 and assume the business equipment purchased in March was instead purchased in November. Based on these facts, compute the MACRS depreciation for the business equipment, car, and office furniture for calendar years 2019 and 2020.

Problem 33

Compute MACRS depreciation for the following qualified assets for the calendar years 2019 and 2020:

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Asset Business Year Purchased Cost Salvage Value March 2019 $85,500 $10,000 equipment (7-year property) Car May 2019 14,000 1,000 Office furniture July 2019 18,050 3,000 (7-year property) Building January 2019 185,000 5,000 (Office)