1. Amit purchased two assets during the current year. On April 16^th Amit placed in service computer equipment with a basis of $5,000 and on October 5^th placed in service furniture with a basis of $20,000. Calculate the total maximum depreciation deduction (ignoring 179 and bonus depreciation). Note: Round final answer to the nearest whole number. Do not use the tablescalculate by hand.
2. Kristine sold one asset on March 20^th of 2023. It was a computer with an original basis of $10,000, purchased in May of 2021 and depreciated under the half-year convention. What is Kristine's depreciation deduction for 2023? Note: Round final answer to the nearest whole number.
3. Olney LLC only purchased one asset this year. Olney LLC placed in service on July 19, 2023, machinery with a basis of $1,330,000. Assume that Olney has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction, including 179 expensing (but ignoring bonus depreciation).
4. Alexandra purchased a $70,000 automobile during March of 2023. The business use was 70 percent. What is the allowable depreciation for the current year? (Ignore any possible bonus depreciation.)