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Debra acquired the following new assets. Calculate Debras total depreciation Date Recovery Period Original Cost April 11 7 year $60,000 July 28 5 year $60,000

Debra acquired the following new assets. Calculate Debras total depreciation

Date Recovery Period Original Cost

April 11 7 year $60,000

July 28 5 year $60,000

October 1 5 year $70,000

November 15 7 year $400,000

Debra elects to take $300,000 of 179 expense from the asset purchased on November 15th

Debra elects to take bonus depreciation from the asset purchased on October 1st

No other 179 or bonus depreciation is taken. Assume there is enough taxable income to make all elections. Assume assets were purchased in 2020, and Calculate 2020 total depreciation

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