Facts:Company A placed in service the assets listed in the table below during 2019.

Required:

1) Calculate the maximum 179 expense amount Company A can claim in 2019. Apply the 179 amount to the asset that would get the most benefit from applying 179 (i.e., the asset with the smallest percentage of depreciation in 2019).

2) Determine whether Company A is on the midquarter or half-year convention for the personalty placed in service in 2019. Both the numerator and denominator of the midquarter test percentage should exclude the 179 expense amount.

3) Calculate Company A's total 2019 cost recovery deductions assuming the company does not elect bonus depreciation. Mske sure you input a value in each grey shaded cell. If the amount should be zero, enter zero (a dash will appear to indicate that you entered zero. Do not insert any new rows or columns on this sheet.

Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments X Cut Calibri (Body) V 11 A A ab Wrap Text Custom AutoSum Fill AP - Paste [E Copy B I U V V V A v Merge & Center $ ~ % 9 Conditional Format Cell Insert Delete Format X Clear v Sort & Find & Ideas Sensitivity Format Formatting as Table Styles Filter Select B12 4 X V fx | B C D E F G H K L M N O P Q R Company A placed in service the assets listed in the table below during 2019. 4 Required 5 1) Calculate the maximum $179 expense amount Company A can claim in 2019. Apply the $179 amount to the asset that would get the most benefit from applying $179 (i.e., the asset with the smallest percentage of depreciation in 2019). 6 2) Determine whether Company A is on the midquarter or half-year convention for the personalty placed in service in 2019. Both the numerator and denominator of the midquarter test percentage should exclude the $179 expense amount. 7 3) Calculate Company A's total 2019 cost recovery deductions assuming the company does not elect bonus depreciation. Make sure you input a value in each grey shaded cell. If the amount should be zero, enter zero (a dash will appear to indicate that you entered zero. Do not insert any new rows or columns on this sheet. 8 1) $179 Phase-Out Calculation 10 Max $179 before Phase-Out (2019) 11 Personalty placed in service (2019) 12 $179 Phase-out threshold (2019) 13 $179 Phase-Out 4 Max $179 after Phase-Out 15 16 17 2) Midquarter Test Personalty placed in service in 4th Quarter - 18 after $179 19 Personalty placed in service (2019) - after $179 Midquarter Test Percentage 21 Which convention applies? Choose one 22 23 24 25 3) Total Cost Recovery Deductions for 2019 26 Date placed in service Asset Cost MACRS YEAR MACRS Life $179 Remaining Basis Bonus MACRS Basis Convention MACRS % MACRS Total 3/19/19 Computers 743,000 5 choose one 28 3/30/19 Apartment building 3,285,000 27. choose one 4/10/19 Office furniture 131,000 choose one 10/13/19 Machinery 1,803,240 H HH choose one 5,962,240 32 33 Assume taxpayer elects NOT to claim bonus depreciation in 2019. 34