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Each asset is todepreciated over its entireuseful life and each assetshould depreciated on aseparate page.A . For the properties listed below compute the depreciation taken

Each asset is todepreciated over its entireuseful life and each assetshould depreciated on aseparate page.A. For the properties listed below compute the depreciation taken duringthe useful life of the property. Assume that all property is post-1986Property and that 15percent of the cost ofresidential and commercialproperties are assigned toland.B. Include columns for the applicable AMT depreciation and theaccompanying AMT adjustmernt. You can follow the example given on the attached spreadsheet.TIP: The AMT adjustment for personal property is the difference betweenthe DEPRECIATION taken under MACRS and the amount determined by using 150%declining balance (DB) method under ADS. The AMT adjustment for real property isthe difference between the DEPRECIATION taken under MACRS and the amountdetermined by using strait line (SL) method under ADS.PROPERTY|Tractor unitComputerRace horse over 2 years old 80,000Luxury AutomobileGeneral Purpose TruckOffice DeskOffice Safe|Light BoatPetroleum RefiningCOSTInstallation|6,7002.950120,00046,0002.9002.20098,000342,000PLACEDINSERVICE15 Feb12 May|25 Nov15 May199813 Oct5 Jan7Sept27 July15 JuneResidential Rental Building 13,000,00026 April
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