Here's an example of an answer that lets me give you maximum feedback: $4,000 using HY convention and 5yyr life 4,00020%=$800 8. Kristine sold two assets on March 20 of the current year. The first was machinery with an 1 original basis of $32,000, currently in the fifth year of depreciation, and depreciated under the half-year convention. The second was furniture with an original basis of $16,000, placed in service during the fourth quarter, currently in the third year of depreciation, and depreciated under the mid-quarter convention. What is Kristine's depreciation deduction for the current year if the depreciation recovery period is seven years? 9. During August of the prior year, Julio purchased an apartment building that he used as a rental property. The basis was $1,900,000. Calculate the maximum depreciation deduction during the current year. 10. OIney LLC only purchased one asset this year. Olney LLC placed in service on July 19 of the current year, machinery and equipment with a basis of $1,930,000. Assume that Olney has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction, including $179 expensing but ignoring bonus depreciation. Here's an example of an answer that lets me give you maximum feedback: $4,000 using HY convention and 5yyr life 4,00020%=$800 8. Kristine sold two assets on March 20 of the current year. The first was machinery with an 1 original basis of $32,000, currently in the fifth year of depreciation, and depreciated under the half-year convention. The second was furniture with an original basis of $16,000, placed in service during the fourth quarter, currently in the third year of depreciation, and depreciated under the mid-quarter convention. What is Kristine's depreciation deduction for the current year if the depreciation recovery period is seven years? 9. During August of the prior year, Julio purchased an apartment building that he used as a rental property. The basis was $1,900,000. Calculate the maximum depreciation deduction during the current year. 10. OIney LLC only purchased one asset this year. Olney LLC placed in service on July 19 of the current year, machinery and equipment with a basis of $1,930,000. Assume that Olney has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction, including $179 expensing but ignoring bonus depreciation