1.John donated appreciated capital stock that he has held over a year, with an adjusted basis of $20,000 and a FMV of $50,000, to a local qualified charity. His AGI for the year was $80,000. How much of Johns contribution is tax deductible?

2.

On June 1, 2019, Amy purchased the following business assets:

1. Equipment for $12,000;

2. Computer for $2,300;

3. Office building for $220,000.

Calculate 2019 depreciation (ignore Section 179/Bonus depreciation).

3. Becky purchased a Tesla for $100,000 to be used exclusively for business. Calculate the first years allowable depreciation deduction: a) without bonus depreciation; and b) with bonus depreciation.