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g Samantha purchased a used piece of equipment (7-year property) for her business on March 15, 2017 for $45,000. Samantha did not elect to use
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Samantha purchased a used piece of equipment (7-year property) for her business on March 15, 2017 for $45,000. Samantha did not elect to use any Section 179 expense in the year of purchase and she elected not to use Bonus depreciation either. She uses the half-year convention for this asset. Samantha still owns this asset and uses it in her business. What is the amount of depreciation she will deduct for 2021 for this asset? O $5,184 O $5,621 $4,919 O $3,938 O $4,019 Parker purchased only one business asset during 2021. He purchased a piece of equipment you property) on August 2 for $15,000. What is the amount of depreciation on this asset for 2021 assuming he does not elect to expense any of the cost of this asset under Section 179 and he hects out of Bonus depreciation for the year? O $2,144 O $1.607 O $1,071 O $2,375 O $3,750 Step by Step Solution
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