In 2020, Bizarro Corp., a calendar year corporation, acquired and placed in service the assets listed below.

Asset Placed in Service Cost Recovery Period

Computer 8/21/2020 1,050,000 5 years

Machine 10/12/2020 1,000,000. 7 years

Warehouse 12/2/2020 2,000,000 39 years

Assume (1) no bonus depreciation, (2) no Section 179 expense for question.

1. What convention is used to depreciate each asset and why?

2. What is the total depreciation expense Bizarro Corp. may deduct in 2020?

3. What is Bizzaro Corps's deprecation expense in 2021?

4. Assume Bizzaro Corp sold all assets on May 23, 2022. What is Bizarro Corps's depreciation expense in 2022?

5. Explain (in words, not calculations) what would be different is the Machine was placed in service on April 12, 2020.

6. If bonus depreciation is taken on all eligible assets, what is the total depreciation for 2020?