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Help with questions 2-5a please. The region is the east coast of the United States. You are working in the accounting department of a mid-sized

image text in transcribedHelp with questions 2-5a please. The region is the east coast of the United States.

You are working in the accounting department of a mid-sized company (Bespin Tibanna Gas Systems, LLC). As a young staff, one of your first tasks is to manage the fixed assets for the company. Below is a short list of some of the assets. Asset Used Copier New Computer New Delivery Truck (more than 14K lbs) Furniture Delivery Auto Placed in Service November 12 June 6 October 28 Basis (when placed into service) $7800 14,000 19,000 July 15 January 31 32,000 70,000 1. What code section covers the depreciation recapture of these properties? (5pts) a. 2. Which depreciation convention will be used for the depreciation of the office Furniture? (Spts) a. 3. Calculate the maximum depreciation for the delivery auto in the first year using 2020 rates? (5pts) a. 4. Assuming the computer is a five-year asset, what would be the deprecation amount for the 4th year (assuming no Sec 179 or 168(k) deprecation was taken). (5pts) a. 5. Calculate the maximum amount of $179 allowed assuming they meet all of the all requirements for $179 Depreciation. (5pts) a

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