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Hans buys 2 new trucks for business. Trucks cost 125,000 each. Placed blue truck in service June 1, 2019 and red truck October 9, 2019.

Hans buys 2 new trucks for business. Trucks cost 125,000 each. Placed blue truck in service June 1, 2019 and red truck October 9, 2019. Han wants to limit any 179 deductions for the year to a single amount of 50,000 in total and allocate ALL of the deduction to the red truck. Han's income is 1 million dollars.

  1. 50% of the property was placed into service during the last quarter of year, Han will use the __________ convention.
  2. Depreciation basis for the blue truck 2019 is _____ and for the red truck is ______. Total cost recovery 2019 is __________* Use 2019 MACRS tables
  3. Adjusted basis for the blue truck is ____ at the end of the year, for the red truck is _____ at the end of the year.

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