1. On June 30, 2017 Mikes Mining purchased $1,200,000 of new mining equipment. Mikes Mining wants to maximize its depreciation. This was the only asset purchased during the year. Ignoring any income limitations, what amount of depreciation can be claimed in 2017 related to the purchase of this equipment?

2. Beulah, a beauty consultant, purchased a new computer on March 1, 2017 for $1,500. Beulah uses the computer 80% for business purposes and 20% for personal purposes. Beulah has elected not to use bonus or Section 179 depreciation. This was her only asset purchase during the year. How much deprecation can she claim using MACRS accelerated depreciation?