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Andrew, a cash method tax payer, starts his company (an LLC) in 2020. Since his company is new, he has to purchase a many item
Andrew, a cash method tax payer, starts his company (an LLC) in 2020. Since his company is new, he has to purchase a many item for the business. Below are the list of items Andrew purchased in 2020: Note Date Purchase 1/03/2020 2/5/2020 6/7/2020 11/29/2020 Item Office furniture Computers Equipment Car Cost $20,000 $10,000 $100,000 $25,000 To use as the delivery vehicle a) What is Andrew total depreciation expenses in 2020? (Provide detailed calculations/explanations for possible partial credit) b) Assuming that Andrew cannot take any $179 deduction and Bonus depreciation, what is Andrew total depreciation expenses in 2020 for the items above? (Provide detailed
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