Frak buys the following items that are solely for his business in 2022:

Item Cost Placed into service

Office furnite $30,0000 Jan 15th

Car 35,000 Feb. 15th

Computers x 6 2,500 each Feb. 28

Equipment 40,000 June 16th

Light Truck 40,000 Sept. 30th

Office furniture 35,000 sept. 30

Car 25,000 Nov. 15th

Equipment 100,000 Dec. 15th.

a. What is the initial basis in each of the assets?

b. Assume Frank opts NOT to use bonus depreciation or 179 deductions. What is his depreciation for 2022?

c. What is his depreciation for 2023?