A. For the properties listed below compute the depreciation taken during the useful life of the property for all depreciable years assuming the half year convention applies. Assume that all property is post-1986 property.

B. Include columns for the applicable AMT depreciation along with the AMT adjustment.

Suggested Columns

Asset Description

Date Placed in Service

Cost Basis

Recovery Rate

MACRS Recovery Amount

MACRS Accumulated

Depreciation

Adjusted Basis

AMT Rate

PROPERTY Recovery Period, 3 3 Tractor unit Race horse over 2 years old Computer Luxury Automobile General Purpose Truck Office Desk Office Safe Light Boat Petroleum Refining Instalation Residental Rental Building Nonresidental Rental Building PLACED COST IN SERVICE 19.000 15 Feb 54,000 12 May 4,000 25 Nov 67,800 15 May 25,000 13 Oct 7,300 5 Jan 4,6007 Sept 69,700 27 July 154,000 15 June 10,790,000 26 April 13,000,000 20 Nov 10 10 27.5 39.5