Depreciation Exercises 1. Company ABC purchased the following asset on Jan. 1, 2017 and placed it in service on the date shown. ABC elected not to use Bonus Depreciation. . Computer Equipment: 3/1/18, Total installed price - $2,550,000 (S-year property). a. What is the maximum allowed cost recovery for 2018 for the Computer Equipment? b. What is the Computer Equipment's adjusted basis at the end of 2018? Company ABC purchased the following assets on Jan. 1, 2018 and placed them in service on the dates shown. ABC elected not to use Bonus Depreciation. " Computer Equipment: 3/1/18, Total installed price $3,250,000 (5-year 2. property). year property). a. What is the maximum allowed cost recovery for 2018 for the Computer Communications Equipment: 9/25/18, Total installed price $200,000 (7- Equipment only? 3. Company ABC purchased the following assets on Jan. 1, 2018 and placed them in service on the dates shown. ABC elected not to use Bonus Depreciation. Communications Equipment: 3/1/18, Total installed price - $2,250,000 (7- year property). Computer Equipment:8/1/18, Total installed price - $100,000 (5-year property). Office Furniture: 9/25/18, Total installed price $300,000 (7-year property). a. What is the maximum allowed cost recovery for 2018 for the Communications Equipment only? 4. Company ABC hadthe folowing on Jan.1,2018 and placed it in service on the date shown. Manufacturing Plant A: 3/10/18, Total price $2,000,000; $500,000 allocated to the land. What is the maximum allowed cost recovery for 2018 for Manufacturing Plant A? a. Company ABC purchased the following on Jan. 1, 2018 and placed it in service on the date shown. 5. Apartment A: 5/25/18, Total price $200,000; $50,000 allocated to the land. a. What is the maximum allowed cost recovery for 2018 for Apartment A