1. Compute regular depreciation for the following qualified assets. Ignore bonus depreciation and section 179.

• a.) Business equipment purchased in February for $40,000 which has salvage value of $4,000.
• b.) Business car purchased in May for 22,000 which has a salvage value of $3,000.
• c.) Business equipment purchased in May for $150,000 has a salvage value of $15,000.
• d.) Business car purchased in April for $42,000 with a salvage value of $5,000.
• e.) Compute depreciation for residential real estate purchased in January for $390,000 with a salvage value of $50,000.