Case Study $1$

Want to review the scenarif

Assets

At any times select the $"?$ bu

Acreen to diaplay the initial $p$

Complete the depreciation worksheet below. $($Only number entries for all but Date Placed in Service$)$

Description of Property

Building

Espresso Machine $1$

Espresso Machine $2$

Freezer

New Grinder

AC Unit $(7$ year$)$

$2018$ Toyota Corolla

Date Placed in Service

$\frac{01}{01}\frac{?}{2019}$

$\frac{01}{01}\frac{?}{2019}$

$\frac{01}{01}\frac{?}{2019}$

$\frac{07}{01}\frac{?}{2021}$

$\frac{03}{15}\frac{?}{2022}$

$\frac{07}{01}\frac{?}{2022}$

Cost

$$25,000$

$3,500$

$3,500$

$1,500$

$2,0001,200$

$1,200$

Prior

Depreciation

Years

Recovery

Period

Depreciation Deduction

$\frac{}{}\frac{?}{x00}$

Total $2022$

Depreciation

Deduction allowed on the Tax Return

Julla Jimenez, Owner Hav A Java