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2 3 ABC Corporation purchased the following assets in 2020: 4 5 Asset Date of Purchase 6 Computer 1/5/20 7 Work Equipment 10/22/20 B 9

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2 3 ABC Corporation purchased the following assets in 2020: 4 5 Asset Date of Purchase 6 Computer 1/5/20 7 Work Equipment 10/22/20 B 9 Land 4/15/20 10 Warehouse 9/15/20 Cost 5,000 15,000 Depreciable Life 5 7 50,000 100,000 39 12 13 14 15 Assume that ABC Corporation decided to sell all of the insets in October 2021 (4th quarter of Year 2). Calculate the depreciation expense for each asset. 16 17 18 Calculate the depreciation for the computer in 2021. 19 20 Cost 21 Dep . from MACRS Chart for Assets placed in Service in Q1 22 Depreciation 0 23 24 W of Disposition See Slide 27 25 Depreciation for 2021 0 26 27 Calculate the depreciation for the work equipment in 2021. 28 29 Cost 30 DepX from MACRS Chart for Asus Placed in Service in a 31 Depreciation 0 See Slide 27 0 0 33 Yr of Disposition 34 Depreciation for 2021 35 36 Calculate the depreciation for the land in 2021. 37 Answer 39 40 Calculate the depreciation for the warehouse in 2021. 41 42 Cost 43 Dep Depreciation 45 Yr of Disposition 47 Depreciation for 2021 48 From the Non-Residential Real Property Table Acquired in Month 9 0 (Month of disposition 5/12 0 2 3 ABC Corporation purchased the following assets in 2020: 4 5 Asset Date of Purchase 6 Computer 1/5/20 7 Work Equipment 10/22/20 B 9 Land 4/15/20 10 Warehouse 9/15/20 Cost 5,000 15,000 Depreciable Life 5 7 50,000 100,000 39 12 13 14 15 Assume that ABC Corporation decided to sell all of the insets in October 2021 (4th quarter of Year 2). Calculate the depreciation expense for each asset. 16 17 18 Calculate the depreciation for the computer in 2021. 19 20 Cost 21 Dep . from MACRS Chart for Assets placed in Service in Q1 22 Depreciation 0 23 24 W of Disposition See Slide 27 25 Depreciation for 2021 0 26 27 Calculate the depreciation for the work equipment in 2021. 28 29 Cost 30 DepX from MACRS Chart for Asus Placed in Service in a 31 Depreciation 0 See Slide 27 0 0 33 Yr of Disposition 34 Depreciation for 2021 35 36 Calculate the depreciation for the land in 2021. 37 Answer 39 40 Calculate the depreciation for the warehouse in 2021. 41 42 Cost 43 Dep Depreciation 45 Yr of Disposition 47 Depreciation for 2021 48 From the Non-Residential Real Property Table Acquired in Month 9 0 (Month of disposition 5/12 0

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