Refer to the facts in Problem 36 and assume that the office building purchased in January 2018 and the car purchased in 2018 were both sold in June 2019. How much depreciation can be claimed as a deduction on these two assets in 2019 for the portion of the year they were held by the taxpayer? Assume MACRS depreciation is used.

Problem 36

Refer to the facts in Problem 36 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 2018 and 2019.