Depreciation Example 1) T purchased the following to be used in his business: Copier $150,000 October 4, 2022 Office Furniture $1,400,000 March 1, 2022 Office Building $15,000,000 June 10, 2022 a) Show how the percentages are calculated in the appropriate table for the appropriate property class for: I) Copier for first 2 recovery years II) Office Building for the first 2 years b) Calculate depreciation expense for 2022 and 2023 [Dont forget 179 expense, assume T wants to use 179 expense on the applicable (property eligible to be expensed) property with the longest class life]

c) Assume T sold the copier on December 29, 2026. Calculate the depreciation for 2026 for the copier only. 2) T purchased the following to be used in his business: Copier $200,000 January 21, 2022 Computer $255,000 December 10, 2022 a) Show how the percentages are calculated in the appropriate table for the appropriate property class for: I) Copier first year b) Calculate depreciation expense for 2022 and 2023 (T elects to not take 179 expense)

3) T purchased the following to be used in his business: Copier $1,180,000 January 21, 2022 Computer $1,650,000 November 15, 2023

b) Calculate depreciation expense for 2022 and 2023 [Dont forget 179 expense].