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Diana purchases an office building for $1,000,000, office equipment for $500,000 and computer equipment for $300,000. The assets are placed in service on September 15,
Diana purchases an office building for $1,000,000, office equipment for $500,000 and computer equipment for $300,000. The assets are placed in service on September 15, 2020 and Diana does not elect section 179 or use bonus depreciation. Calculate the total depreciation deduction that Diana may take on her 2020 tax return. Asset Date placed in Service Recovery Period Original Basis Rate Depreciation 800000 0.1429 114320 Furniture & Fixtures Commercial Office Building 9/15/2020 9/15/2020 7 yrs 39 yrs 100000 0.2461 24610 Total Depreciation Deduction 138930
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