15) Bill operates an electrician business, and this year the four-year-old van Bill used in the business was destroyed in a traffic accident. The van was originally purchased for $21,400 and the adjusted basis was $5,625 at the time of the accident. Although the van was worth $6,140 at the time of the accident, insurance only paid Shelton $1,375 for the loss. What is the amount of Bill's casualty loss deduction? A. $4,250. C. $5,625 E. $6,140 B. $5,195. D. $15,260 16) Jone, Esq., purchased computer equipment (five-year property) on August 29 for $45,000 and used the half-year convention of depreciation. Jone, Esq. did not take Section 179 or bonus depreciation in the year of acquisition of the computer equipment. During the current year, which is the fourth year Jone, Esq. owned the property, the property was disposed of on January 15. Calculate the maximum depreciation expense. (Use MACRS Table 1.) A. $5,184. C. $2,810 E. $2,592 B. $648 D. None of the choices are correct. 17) Aaron purchased a rental house and land during the current year for $152,000. The purchase price was allocated as follows: $101,000 to the building and $51,000 to the land. The property was placed in service on May 22. Calculate Aaron's maximum depreciation for this first year. (Use MACRS Table 3.) (Round final answer to the nearest whole number.) A. $1,621. C. None of the choices are correct. E. $2,440 B. $2,296. D. $3,455. 18) Eddie LLC purchased an new car for $30,700 on August 6, 2019. What is Eddie's depreciation deduction for 2019? (Ignore any possible Section 179 or bonus depreciation.) (Use MACRS Table 1) A. $10,000 C. $30,700 E. $6,140 B. None of the choices are correct. D. $4,387