Berry Co. has acquired various types of assets recently. Below is a list of assets acquired during 2020 AND 2021. Berry did not elect $179 immediate expensing and elected out of bonus depreciation in both years. In the table below, please indicate the appropriate convention for each asset by entering the corresponding letter from the following choices: A-half-year; B - mid-quarter; C-mid-month. Asset Cost Basis Convention Date Placed in Service Equipment $300,000 January 6, 2020 Warehouse 500,000 September 15, 2020 Computers 35,000 February 1, 2021 Office Furniture 100,000 October 14, 2021 Office Building 1,000,000 April 28, 2021 Calculate Berry's depreciation expense for 2021 by completing the following table entering dollar amounts rounded to the nearest whole dollar (e.g., $99.5 = 100) and percentage values to three decimal places (e.g., 14.29% -14.290). Do not use commas, dollar signs or percentage signs (but don't worry if Canvas adds the signs for you). Less: Remaining MACRS Depreciation Cost Basis MACRS Depreciation Asset $179 or Bonus Deprecation Basis Rate Expense Equipment $300,000 Warehouse 500,000 Computers 35,000 0 35,000 Office Furniture 100,000 0 100,000 Office Building 1,000,000 NA 1,000,000 Total Depreciation Expense Berry Co. has acquired various types of assets recently. Below is a list of assets acquired during 2020 AND 2021. Berry did not elect $179 immediate expensing and elected out of bonus depreciation in both years. In the table below, please indicate the appropriate convention for each asset by entering the corresponding letter from the following choices: A-half-year; B - mid-quarter; C-mid-month. Asset Cost Basis Convention Date Placed in Service Equipment $300,000 January 6, 2020 Warehouse 500,000 September 15, 2020 Computers 35,000 February 1, 2021 Office Furniture 100,000 October 14, 2021 Office Building 1,000,000 April 28, 2021 Calculate Berry's depreciation expense for 2021 by completing the following table entering dollar amounts rounded to the nearest whole dollar (e.g., $99.5 = 100) and percentage values to three decimal places (e.g., 14.29% -14.290). Do not use commas, dollar signs or percentage signs (but don't worry if Canvas adds the signs for you). Less: Remaining MACRS Depreciation Cost Basis MACRS Depreciation Asset $179 or Bonus Deprecation Basis Rate Expense Equipment $300,000 Warehouse 500,000 Computers 35,000 0 35,000 Office Furniture 100,000 0 100,000 Office Building 1,000,000 NA 1,000,000 Total Depreciation Expense
