Question
DeltaHedge, Inc. acquired the following assets during they year: Asset Date Acquired and Placed in Service Cost Basis Machinery Oct. 25th $72,000 Computer Equipment Feb.
DeltaHedge, Inc. acquired the following assets during they year:
| Asset | Date Acquired and Placed in Service | Cost Basis |
| Machinery | Oct. 25th | $72,000 |
| Computer Equipment | Feb. 3rd | $12,000 |
| Used Delivery Truck (Not a luxury auto) | Mar. 17th | $25,000 |
| Furniture | Nov. 11th | $152,000 |
| Commercial Building | June 6th | $380,000 |
A) Assume that they do not elect Sec. 179 expense and they elect out of bonus depreciation. What are their depreciation deductions for each of the five assets?
B) Now, assume that they do not elect Sec. 179 expense but they do NOT elect out of bonus depreciation (i.e. they take bonus depreciation.) What is their depreciation deduction for each of the five assets?
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Health And Safety Environment And Quality Audits A Risk Based Approach
Authors: Stephen Asbury
4th Edition
1032427574, 978-1032427577
