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Calculate the following: a. The first year of depreciation on a residential rental building costing $200,000 purchased June 2, 2016. b. The second year of
Calculate the following: a. The first year of depreciation on a residential rental building costing $200,000 purchased June 2, 2016. b. The second year of depreciation on a computer costing $1, 500 purchased in May 2015, using the half-year convention and accelerated deprecation considering any bonus depreciation taken. c. The first year of depreciation on a computer costing $2, 800 purchased in May 2016, using the half-year convention and straight-line depreciation with no bonus depreciation. d. The third year of depreciation on business furniture costing $8,000 purchased in March 2014, using the half-year convention and accelerated depreciation but no bonus depreciation
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