i. Depreciation: Calculate the amount of depreciation on the below assets. You do not need to complete Form 4562. Assume Julie took 50% bonus depreciation on the tangible personal property in the year she placed the asset into service. Also, recall that you must adjust the full year depreciation rate when an asset is sold during the year. Description Life Cost Basis Computer 5 2,000 Purchase Date January 2017 Sale Date N/A Furniture 7 4,000 December 2018 N/A Office Building 39 120,000 September 2018 July 2022 Convention Half-year Mid-quarter Mid-month