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1-4 please Please show & label all of your work. You will upload your answer and work to Canvas. It can be a word document,
1-4 please
Please show & label all of your work. You will upload your answer and work to Canvas. It can be a word document, PDE excel, picture. Whatever is easier tor you. You can reprintJrecreate the question, or not. It does not matter. Name your file Last name, First name Ch 9 Calculations In 2020, Bizarro Corp., a calendar year corporation, acquired and placed in service the assets listed below. Asset Placed in Service Cost Recovery Period Computer 11/15/2021 Machine 4/12/2021 Warehouse 12/212021 1 ,350.0005 years 1 years 39 years Assume (1) no bonus depreciation, (2) no Section 179 expense for question. 1 . What convention is used to depreciate each asset and why? 2. What is the total depreciation expense Bizarro Corp. may deduct in 2021 ? 3. What is Bizzaro Corps's depreciation expense in 2022? 4. Assume Bizzaro Corp sold all assets on August 2, 2023. What is Bizarro Corp's depreciation expense in 2023? 5. Explain (in words, not calculations) what would be different is the Computer was placed in service on September 30, 2021
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