Depreciation Example 1) T purchased the following to be used in his business: Copier Office Furniture Office Building $150,000 $1,400,000 $15,000,000 October 4, 2022 March 1, 2022 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 [Don't 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.

Depreciation Example 1) T purchased the following to be used in his business: 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 [Don't 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: 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: b) Calculate depreciation expense for 2022 and 2023 [Don't forget $179 expense]