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Little Corporation acquired and placed in service the following 100% business-use assets. Little did not claim Sec. 179 or bonus depreciation expensing on any of these properties. (Click the icon to view the business-use assets.) Read the requirements Requirement a. What is Little's total depreciation deduction in 2020? (Use MACRS rates to three decimal depreciation is allowed.) Asset 2020 Depreciation Truck Machinery Land Building Total depreciation Giul Pollar. Complete all input fields Truck (light-duty, modified non-personal use) costing $40,000: Placed in service on March 3, 2020 with a 5-year MACRS recovery period. Machinery costing $76,000: Placed in service on November 15, 2020 with a 7-year MACRS recovery period. Land costing $88,000: Placed in service on October 12, 2020 Building costing $250,000: Placed in service on December 4, 2020 with a 39-year MACRS recovery period. . . - x Requirements bht-line rates for 3 Hollar. Complete a a. What is Little's total depreciation deduction in 2020? b. Little Corporation sells the machinery on February 2, 2022 and sells the building on September 18, 2022. What are the adjusted bases of these two assets on the dates of sale (compute accumulated depreciation to date of sale)? cam Reference X ssible possible convention rates.) placed in eciation exp business- er convention rates er convention rates ne rates for 39-year General Depreciation System MACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Half-Year Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33 20.00 14.29 10.00 -5.00 3.750 -Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 ear 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 s total dep Complete all input epreciation Print Done Reference X ssible possible Bin exp SS- 14.81 741 19.20 11.52 11.52 5.76 17.49 12.49 8.93 8.92 8.93 4.46 convention rates per convention rates for proper per convention rates for proper pe rates for 39-year property.) Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 591 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4462 depr! Complete all input fields. Ent tion aced in tion exp siness- 000 6,55 3.28 convention rates.) Jer convention rates for propert Jer convention rates for propert Real Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 0.81 5.90 5.91 5.90 5.91 5,90 5.91 2.95 ne rates for 39-year property) 02 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 tal depil Complete all input fields. Ento eciation reciation e business Jarter convention rates for pro arter convention rates for pro t-line rates for 39-year proper e's total de General Depreciation System MACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Mid Quarter (Property Placed in Service in First Quarter) Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Lino Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 58.33 35.00 25.00 17.50 8.75 6.563 Year 2 27.78 26.00 21.43 16.50 9.13 7.000 Year 3 12.35 15.60 15.31 13.20 8.21 6.482 Year 4 1.54 11.01 10.93 10.56 7.39 5.996 Year 5 11.01 8.75 8.45 6.65 5.546 Year 6 1.38 8.74 6.76 5.99 5.130 lar. Complete all input fields. Depreciate 1.38 00 8.74 8.75 1.09 it-line rates for 39-year propert 0/0 6.55 6.55 6.56 6.55 0.82 5.90 5.91 5.90 5.91 5.90 5.91 litar Complete all input fields. Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 s total de 4.746 4.459 4.459 4.459 4.459 4.460 4,459 4,460 4.459 4.460 4,459 - 5.90 epreciati 5.91 5.90 0.74 5.90 0.74 ilar. Complete all input fields. Enter a "0" de Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 4459 4.460 4,459 4.460 4.459 4.400 0.557 pnventi 1 Reference lites for ial fnplete a General Depreciation System-MACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Mid-Quarter (Property Placed in Service in Fourth Quarter) Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 8.33 5.00 3.57 1.25 0.938 Year 2 61.11 38.00 27.55 19.50 9.88 7.430 Year 3 20.37 22.80 19.68 15,60 8.89 6.872 Year 4 10.19 13.68 14.06 12.48 8.00 6.357 Year 5 10.94 10.04 9.98 7.20 5.880 Year 6 9.58 8.73 7.99 6.48 5.439 2.50 he Rema preciation the busine uarter convention rates for property dla 61.11 20.37 10.19 38.00 22.80 13.68 10.94 9.58 uarter convention rates for property pl Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 27.55 19.68 14.06 10.04 8.73 8.73 764 19.50 15.60 12.48 9.98 7.99 6.55 6.55 6.50 6.55 5.74 ht-line rates for 39-year property) 9.88 8.89 8.00 7.20 6.48 5.90 5.90 5.90 5.91 5.90 5.91 7.430 6.872 6.357 5.880 5.439 5.031 4.654 4.458 4.458 4.458 4.458 4.458 4 458 tle's total bitar . Complete all input fields, Enter a Deprecia 5.90 5,91 Juarter convention rates for properly pl Year 12 Year 13 5.91 5.90 5.91 5.90 Year 14 ht-line rates for 30-year property) 5:17 4.458 4.458 4.458 4.458 4.458 4.458 4.459 4.458 4459 3.901 o's total Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 bitar. Complete all input fields. Entor a Depreciad Enter a no General Depreciation System-MACRS Nonresidential Real Property Placed in Service After 5/12/93 Applicable Recovery Period: 39 years Applicable Depreciation Method: Straight Line Month in the First Recovery Year the Property is placed in Service and Depreciation Rate Recovery Year 2 5 7 10 11 Year 1 2.461 22472033 1.819 1.605 1.391 1.177 0.963 0.749 0.535 0.321 Years 2-392564 2564 2564 2564 2.564 2.564 2.554 2.564 2564 2564 2504 Year 40 0.107 0 321 0.535 0.749 0.963 1.177 1301 1.805 1.810 2033 2.247 12 0.107 2564 2.461