Cotley Corporation uses the calendar year as its tax year. I purchases and places into service 51.82 min of property during 2019 to use in its burness (Click the icon to view the assets.) (Click the icon to view the MACRS all your conventionates) (Click the icon to view the MACRS straight-line rates for 27.5 year property) (Click the icon to view the MACRS midquarter conversion rates for property placed in service in the s ound quarter) (Click the icon to view the MACRS mid quarter contention rates for property placed in service in the fourth quarter) 1 Requirements X ation and does it claim Sec 179 expensing? (Use MACRS rates to three decirl places, What is Colley's total de c ondechon for 2019 in each of the fokwing circumstances? Assume that Colicy elects out of bonus depreciation. a Coffey does not din Sec 179 epensing Coffey claims Sec 17 expensing for $700,000 of the office furniture's cost and $320.000 fo the office machinery's cost Coffey claims Sec 179 expensing for $580,000 of the office furniture's cost and $440,000 of the office machinery's cost Print Done abion and Coffey claims Sec 179 expensing for $700,000 of the office furniture's cost and 520 DOU O De once m y NCS Stotree decame places, O . Round all amounts to the nearest dolar Complete all input fields. Enter a if no depreciation is allowed or if no Sec 179 expense is taken.) Toga for all Furniture Machinery Building Assets Sec. 179 expensing MACRS depreciation Total 2019 depreciation c. What is Coffey's total depreciation deduction for 2010 if Colley elects out of bonus depreciation and Coffey claims See 170 expensing for $580,000 of the office furniture's cost and $440,000 of the office machinery's cost. (Use MACRS rates to three decimal places, XX00%. Round all amounts to the nearest dolar Complete all input fields. Enter a "ino depreciation is allowed or if no Sec 179 expense is taken.) Tozal for all Enter any number in the edit fields and then continue to the next question. U UZUN i Reference e calenda uring 2018 the assets prition a es for 2 nvention vention testo preciation RS depred 2015 No & & 5.285 & General Depreciation System MACRS Personal Property Placed in Service Ater 1231/86 Applicable Convention: Half-Year Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33 33 2000 14.29 10.00 3.750 Year 2 44.45 32.00 18.00 7219 Year 3 14.81 19.20 14.40 6.677 Year 4 7.41 11.52 6.177 Year 5 11.52 5.713 Year 6 5.78 Year 7 4.888 Year 8 4.522 Year 9 4.462 Year 10 4.461 Year 11 4.482 Year 12 4.481 4 482 Year 14 4.461 Year 15 4.482 Year 16 4.461 Year 17 4.462 Year 18 4.481 Year 19 4.482 4 481 2.231 WOOOOO 888888 epreciation chinery's od if no Sec 1 the offic fields. E NONOLOUR ON OOO OOO Furnit Year 13 epreciation chinery's og if no Sec 11 Year 20 Year 21 edit fields Print Done of 9 MM N Question: 10 pts 8 of 20 (5 complete) This Test: 200 pts possible i Reference - XE Corpo million Click the ty) pty placed in the rece Esty placed in at is Co % Roc Furnit Machi 11 0.455 3.636 3.636 3.836 3.638 0.152 3.636 3.638 3.636 3.836 3.636 3.836 ing 3.636 General Depreciation System MACRS Residential Rental Real Property Placed in Service After 1231/86 Applicable Recovery Period: 27.5 Years Applicable Convention: Mid-Month Applicable Depreciation Method. Straight Line Month in the First Recovery Year the Property is placed in Service and Depreciation Rate Recovery Year 1 10 Year 1 3.485 3.182 2.879 2.5782.273 1.970 1,687 1.384 1.0610.758 Year 2 3.636 3.636 3.636 3.636 3.636 3.636 3.638 3.636 3.638 3.636 Year 3 3.636 3.638 3.638 3.638 3.636 3.838 3.638 3.638 3.636 3.838 Year 4 3.638 3.836 3.636 3.636 3.636 3.636 3.638 3.638 3.836 3.836 Year 5 3.836 3.636 3.636 3.636 3.636 3.636 3.638 3.638 3.636 3.636 Year 6 3.636 3.636 3.636 3.636 3.838 3.636 3.636 3.636 3.836 3.636 Year 7 3.636 3.636 3.636 3.836 3.636 3.636 3.636 3.836 3.636 3.636 Year 8 3.636 3.638 3.836 3.636 3.636 3.638 3.636 3.836 3.636 Year 9 3.036 3.636 3.636 638 3.836 3.636 3.636 3.636 Year 10 3.637 3.637 3.638 3.636 3.836 Year 11 3.638 3.636 3.636 638 3.636 3.837 Year 123.837 3.637 3.636 Year 13 3.836 Year 14 3.637 3.837 3.838 Year 15 3.637 3.636 3.636 Year 16 3.637 Year 17 3.836 Year 18 3.827 Year 19 3.836 Year 20 3.837 Year 21 3.636 2019 de 3.636 3.636 at is Co 000 of ciation 3.636 3.638 3.636 3.637 3.837 836 3.636 3.837 831 837 OOO aan om 89898989898 179 exp RS depa 2019 de Wat is Co 000 of the eciation i DO TODO ! oo0PD GISSO9898988 WWW WWW GIOCO SSSSSSSS oooo.00 PM 89898984 838 3837 wo O Done o BM @ Ne mi Reference - oftey Corporation 1.92 million of pro (Click the icon RS half-year convention rates - RS straight-line rates for 27.5 RS mid-quarter convention rate RS mid-quarter convention rate Read the requireme ing? (Use MACRS rates to three a What is Coffey's XXXX%. Round the 15-Year 0.25 Office Furniture Office Machinery Building ed 8.87 General Depreciation System-MACRS Personal Property Placed in Service After 12/31/96 Applicable Convention: Mid-Quarter (Property Placed in Service in Second Quarter) Applicable Depreciation Method 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 20-Year Year 1 41.67 25.00 17.85 12.50 4.688 Year 2 38 80 30.00 23.47 17.50 9.38 7.148 Year 3 14.14 18.00 16.76 8.812 Year 4 5.30 11.37 11.97 5.116 Year 5 11.37 8.87 5.658 Year 6 4.28 5,233 Year 7 4.841 Year 8 4.478 Year 9 4.463 Year 10 4.463 Year 11 4.463 Year 12 5.90 4.463 Year 13 4.483 Year 14 4.483 Year 15 4482 Year 16 Year 17 Year 18 4483 Year 19 4.462 Year 20 4483 Year 21 Total 2019 depreci b. What is Coffey's $320,000 of the oth depreciation is allow OOONO ng for $700,000 of the office furnitu Complete all input fields. Enter a " NON OR 4452 Sec. 179 expensin MACRS depreciat Total 2019 depred c. What is Cortes $440.000 of the depreciation is al ng for 5630.000 of the office furniture's Complete al input fields. Enter a "0" 873 Bei Enter any number to search o 9 m Ne 0 Reference - X Btion rates.) ration uses the calendar of property during 2010 e icon to view the assets tes for 27.5-year property.) vention rates for property place prvention rates for property place quirements Coffey's total depreciation Hound the MACRS depreci rates to three decimal places. 2019 mniture chinery General Depreciation System-MACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Mid-Quarter (Property Place Service in Fourth Quarter) Applicable Depreciation Method: 200 or 150 Perce dining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15 Year 20-Year Year 1 8.33 5.00 3.57 1.25 0.838 Year 2 61.11 38.00 27.55 9.88 7.430 Year 3 20.37 22.80 8.89 6.872 Year 4 10.19 13.88 14.08 8.00 6.357 Year 5 10.94 7.20 5.880 Year 6 9.58 6.48 5.439 Year 7 5.00 5.031 Year 8 5.90 4.654 Year 9 5.90 4 458 Year 10 5.91 4.458 Year 11 5.90 4 458 Year 12 5.91 4.458 Year 13 5.90 4.458 Year 14 5.91 4.458 Year 15 5.90 4.458 Year 16 5.17 4.458 Year 17 4458 Year 18 4.450 Year 19 4.458 Year 20 4.450 Year 21 3.901 poco 232 9 depreciation Coffey's total depreciation of the office machinery's og tion is allowed or if no Sec 11 ON 88 888 8 3 ONO C the office furniture's cost and fields. Enter a ' if no Furnid 3 expensing depreciation 019 depreciation is Coffey's total depreciation 00 of the office machinery's co lation is allowed or if no Sec 17 the office furniture's cost and fields. Enter a "o" if no any number in the edit fields Print Done o 9 M N e Cotley Corporation uses the calendar year as its tax year. I purchases and places into service 51.82 min of property during 2019 to use in its burness (Click the icon to view the assets.) (Click the icon to view the MACRS all your conventionates) (Click the icon to view the MACRS straight-line rates for 27.5 year property) (Click the icon to view the MACRS midquarter conversion rates for property placed in service in the s ound quarter) (Click the icon to view the MACRS mid quarter contention rates for property placed in service in the fourth quarter) 1 Requirements X ation and does it claim Sec 179 expensing? (Use MACRS rates to three decirl places, What is Colley's total de c ondechon for 2019 in each of the fokwing circumstances? Assume that Colicy elects out of bonus depreciation. a Coffey does not din Sec 179 epensing Coffey claims Sec 17 expensing for $700,000 of the office furniture's cost and $320.000 fo the office machinery's cost Coffey claims Sec 179 expensing for $580,000 of the office furniture's cost and $440,000 of the office machinery's cost Print Done abion and Coffey claims Sec 179 expensing for $700,000 of the office furniture's cost and 520 DOU O De once m y NCS Stotree decame places, O . Round all amounts to the nearest dolar Complete all input fields. Enter a if no depreciation is allowed or if no Sec 179 expense is taken.) Toga for all Furniture Machinery Building Assets Sec. 179 expensing MACRS depreciation Total 2019 depreciation c. What is Coffey's total depreciation deduction for 2010 if Colley elects out of bonus depreciation and Coffey claims See 170 expensing for $580,000 of the office furniture's cost and $440,000 of the office machinery's cost. (Use MACRS rates to three decimal places, XX00%. Round all amounts to the nearest dolar Complete all input fields. Enter a "ino depreciation is allowed or if no Sec 179 expense is taken.) Tozal for all Enter any number in the edit fields and then continue to the next question. U UZUN i Reference e calenda uring 2018 the assets prition a es for 2 nvention vention testo preciation RS depred 2015 No & & 5.285 & General Depreciation System MACRS Personal Property Placed in Service Ater 1231/86 Applicable Convention: Half-Year Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33 33 2000 14.29 10.00 3.750 Year 2 44.45 32.00 18.00 7219 Year 3 14.81 19.20 14.40 6.677 Year 4 7.41 11.52 6.177 Year 5 11.52 5.713 Year 6 5.78 Year 7 4.888 Year 8 4.522 Year 9 4.462 Year 10 4.461 Year 11 4.482 Year 12 4.481 4 482 Year 14 4.461 Year 15 4.482 Year 16 4.461 Year 17 4.462 Year 18 4.481 Year 19 4.482 4 481 2.231 WOOOOO 888888 epreciation chinery's od if no Sec 1 the offic fields. E NONOLOUR ON OOO OOO Furnit Year 13 epreciation chinery's og if no Sec 11 Year 20 Year 21 edit fields Print Done of 9 MM N Question: 10 pts 8 of 20 (5 complete) This Test: 200 pts possible i Reference - XE Corpo million Click the ty) pty placed in the rece Esty placed in at is Co % Roc Furnit Machi 11 0.455 3.636 3.636 3.836 3.638 0.152 3.636 3.638 3.636 3.836 3.636 3.836 ing 3.636 General Depreciation System MACRS Residential Rental Real Property Placed in Service After 1231/86 Applicable Recovery Period: 27.5 Years Applicable Convention: Mid-Month Applicable Depreciation Method. Straight Line Month in the First Recovery Year the Property is placed in Service and Depreciation Rate Recovery Year 1 10 Year 1 3.485 3.182 2.879 2.5782.273 1.970 1,687 1.384 1.0610.758 Year 2 3.636 3.636 3.636 3.636 3.636 3.636 3.638 3.636 3.638 3.636 Year 3 3.636 3.638 3.638 3.638 3.636 3.838 3.638 3.638 3.636 3.838 Year 4 3.638 3.836 3.636 3.636 3.636 3.636 3.638 3.638 3.836 3.836 Year 5 3.836 3.636 3.636 3.636 3.636 3.636 3.638 3.638 3.636 3.636 Year 6 3.636 3.636 3.636 3.636 3.838 3.636 3.636 3.636 3.836 3.636 Year 7 3.636 3.636 3.636 3.836 3.636 3.636 3.636 3.836 3.636 3.636 Year 8 3.636 3.638 3.836 3.636 3.636 3.638 3.636 3.836 3.636 Year 9 3.036 3.636 3.636 638 3.836 3.636 3.636 3.636 Year 10 3.637 3.637 3.638 3.636 3.836 Year 11 3.638 3.636 3.636 638 3.636 3.837 Year 123.837 3.637 3.636 Year 13 3.836 Year 14 3.637 3.837 3.838 Year 15 3.637 3.636 3.636 Year 16 3.637 Year 17 3.836 Year 18 3.827 Year 19 3.836 Year 20 3.837 Year 21 3.636 2019 de 3.636 3.636 at is Co 000 of ciation 3.636 3.638 3.636 3.637 3.837 836 3.636 3.837 831 837 OOO aan om 89898989898 179 exp RS depa 2019 de Wat is Co 000 of the eciation i DO TODO ! oo0PD GISSO9898988 WWW WWW GIOCO SSSSSSSS oooo.00 PM 89898984 838 3837 wo O Done o BM @ Ne mi Reference - oftey Corporation 1.92 million of pro (Click the icon RS half-year convention rates - RS straight-line rates for 27.5 RS mid-quarter convention rate RS mid-quarter convention rate Read the requireme ing? (Use MACRS rates to three a What is Coffey's XXXX%. Round the 15-Year 0.25 Office Furniture Office Machinery Building ed 8.87 General Depreciation System-MACRS Personal Property Placed in Service After 12/31/96 Applicable Convention: Mid-Quarter (Property Placed in Service in Second Quarter) Applicable Depreciation Method 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 20-Year Year 1 41.67 25.00 17.85 12.50 4.688 Year 2 38 80 30.00 23.47 17.50 9.38 7.148 Year 3 14.14 18.00 16.76 8.812 Year 4 5.30 11.37 11.97 5.116 Year 5 11.37 8.87 5.658 Year 6 4.28 5,233 Year 7 4.841 Year 8 4.478 Year 9 4.463 Year 10 4.463 Year 11 4.463 Year 12 5.90 4.463 Year 13 4.483 Year 14 4.483 Year 15 4482 Year 16 Year 17 Year 18 4483 Year 19 4.462 Year 20 4483 Year 21 Total 2019 depreci b. What is Coffey's $320,000 of the oth depreciation is allow OOONO ng for $700,000 of the office furnitu Complete all input fields. Enter a " NON OR 4452 Sec. 179 expensin MACRS depreciat Total 2019 depred c. What is Cortes $440.000 of the depreciation is al ng for 5630.000 of the office furniture's Complete al input fields. Enter a "0" 873 Bei Enter any number to search o 9 m Ne 0 Reference - X Btion rates.) ration uses the calendar of property during 2010 e icon to view the assets tes for 27.5-year property.) vention rates for property place prvention rates for property place quirements Coffey's total depreciation Hound the MACRS depreci rates to three decimal places. 2019 mniture chinery General Depreciation System-MACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Mid-Quarter (Property Place Service in Fourth Quarter) Applicable Depreciation Method: 200 or 150 Perce dining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15 Year 20-Year Year 1 8.33 5.00 3.57 1.25 0.838 Year 2 61.11 38.00 27.55 9.88 7.430 Year 3 20.37 22.80 8.89 6.872 Year 4 10.19 13.88 14.08 8.00 6.357 Year 5 10.94 7.20 5.880 Year 6 9.58 6.48 5.439 Year 7 5.00 5.031 Year 8 5.90 4.654 Year 9 5.90 4 458 Year 10 5.91 4.458 Year 11 5.90 4 458 Year 12 5.91 4.458 Year 13 5.90 4.458 Year 14 5.91 4.458 Year 15 5.90 4.458 Year 16 5.17 4.458 Year 17 4458 Year 18 4.450 Year 19 4.458 Year 20 4.450 Year 21 3.901 poco 232 9 depreciation Coffey's total depreciation of the office machinery's og tion is allowed or if no Sec 11 ON 88 888 8 3 ONO C the office furniture's cost and fields. Enter a ' if no Furnid 3 expensing depreciation 019 depreciation is Coffey's total depreciation 00 of the office machinery's co lation is allowed or if no Sec 17 the office furniture's cost and fields. Enter a "o" if no any number in the edit fields Print Done o 9 M N e