1) Under MACRS, the recovery period for commercial real estate placed in service in 2000 is:

		39 years
		7 years
		31 years
		27 years

2) On May 11 of the current year, your calendar year firm pays $6,000 for a used computer server (5-year property). This is the company's only asset purchase for the year. The company estimates that the server will have a salvage value of $500. If no Section 179 deduction or bonus deprecition is taken, what is your firms maximum current year deduction for depreciation?

		$869
		$1,200
		$2,000
		$1,100

3) Under MACRS, the recovery period for a passenger auto is:

		5 years
		3 years
		7 years
		4 years

4) On May 11 of the current year, your calendar year firm purchases a used machine (7-year property) for $10,000; the machine has an estimated salvage value of $1,000. If the machine is the only fixed asset purchased in the current year, and no Section 179 deduction or bonus depreciation is taken, what is your firms maximum tax deduction for depreciation this year?

		$1,286
		$1,429
		$10,000
		$9,000

5) If a new passenger auto that costs $50,000 and weighs 5,000 pounds is placed in service in 2018, which of the following is true?

		section 179 is limited, but depreciation expense is not
		no limit on section 179 or depreciation expense
		depreciation expense is limited, but section 179 is not
		section 179 and depreciation expense are both limited

Please only answer these if you can solve all the questions, if you can not please don't attempt these.

It's Urgent, answer all the questions I will upvote you.

Thankyou in advance