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10 (Chapter 8) Please determine Pete's depreciation deduction (without 179 expensing or first year additional depreciation). Pete acquired the following new assets during the year:
10 (Chapter 8) Please determine Pete's depreciation deduction (without 179 expensing or first year additional depreciation). Pete acquired the following new assets during the year: A truck (5-year property) for which he paid $30,000 and placed in service in February. Computers (3-year property) for which he paid $25,000 and placed in service in November. Date Asset Adjusted Basis/Cost MACRS Percentage Depreciation February Truck November Computers
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