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Complete the depreciation worksheet below. (Only number entries for all but Date Placed in Service ) Description of Property Date Placed in Service Cost Section
Complete the depreciation worksheet below. (Only number entries for all but Date Placed in Service)
| Description of Property | Date Placed in Service | Cost | Section 179* | Prior Depreciation Years | Recovery Period | Depreciation Deduction | |
| Building | 01/01/2019 | $25,000 | 1,897 | ||||
| Espresso Machine 1 | 01/01/2019 | 3,500 | 2,492 | ||||
| Espresso Machine 2 | 01/01/2019 | 3,500 | 2,492 | ||||
| Freezer | 07/01/2021 | 1,500 | 300 | ||||
| New Grinder | 03/15/2022 | 2,000 | |||||
| AC Unit (7 year) | 07/01/2022 | 1,200 | |||||
| 2018 Toyota Corolla | |||||||
| Total 2022 Depreciation Deduction allowed on the Tax Return |
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Management Accounting A Business Planning Approach
Authors: Noah P. Barsky, Jr. Anthony H. Catanach
2nd Edition
1516506286, 978-1516506286
