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70. Paul Vote purchased the following assets this year (ignore 8179 expensing and bonus depreciation when answering the questions below): Asset Purchase Date Basis Machinery

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70. Paul Vote purchased the following assets this year (ignore 8179 expensing and bonus depreciation when answering the questions below): Asset Purchase Date Basis Machinery Computers Warehouse May 12 August 13 December 13 23,500 20,000 80,000 a) What is Paul's allowable MACRS depreciation for the property? b) What is Paul's allowable alternative minimum tax (AMT) depreciation for th property? You will need to find the AMT depreciation tables to compute the depreciation

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