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Item 2 of 4 (20 points) During 2020, Betty made the three capital expenditures described below related to her trade and business activities. Assume that

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Item 2 of 4 (20 points) During 2020, Betty made the three capital expenditures described below related to her trade and business activities. Assume that no other acts were acquired and no niets were disposed of in 2020 or 2021. Betty's tax year ends on December 31st. ded Pochi Date Total Cost Selvage or Residual Velve Apartment Building October 31, 2020 $ 2,000,000 $ 150,000 Computers (S-year) August 15, 2020 $ 800,000 $ 40,000 Furniture (7-year) February 01, 2020 $ 150,000 $ 30,000 Assume Betty determines that $1,000,000 of the $2,000,000 total cost is allocated to land. 2) Lenoring any Section 179 section and bonus depreciation, show your calculation of the largest tax depreciation deductions that Betty can claim for each of the following items 1) 2020 depreciation deduction for the Apartment Building 1 2) 2021 depreciation deduction for the Apartment Building 3) 2020 depreciation deduction for the Computers 4 2021 depreciation deduction for the Computers 5) 2020 depreciation deduction for the Furniture 6) 20201 depreciation deduction for the Furniture ) Independent of your previous awwers, now assume that Betty purchased the Computers on December 01, 2020 rather than August 15, 2020 lariany Section 19 section and bonus detection show your calculation of the largest tax depreciation deduction that Betty can claim for each of the following items 1) 2020 depreciation deduction for the Computers 2) 2021 depreciation deduction for the Computers 3) 2020 depreciation deduction for the Fumiture 4) 20201 depreciation deduction for the Furniture Independent of your previous mewers, NOW assume that Betty Commal Warhouse April 1, 2020 (rather than an Apartment Building on October 31) for de same tal cost and amount allocated to land as before. To Sestion. 179 election and bow.desiation show your calculation of the largest tax depreciation deduction that Betty can claim for each of the following items 2020 depreciation detection for the Commercial Warehouse 2) 2001 depreciation deduction for the Commercial Warehouse 4) Independent of your previous anwens, return to the original assumptions (Computers were purchased in August and an Apartment Building was purchased in October, NOW me that the BE 31.500.000 rather than $150,000). NOW.considering the Section 179.lection.AND b.desto show your calculation of the largest tax depreciation deduction that Bellycan claim for each of the following items! 1) 2020 depreciation deduction for Computer 2) 2021 depreciation dediction for the Computer 3) 2020 depreciation deduction for the Future 420001 depreciation deduction for the Furniture Item 2 of 4 (20 points) During 2020, Betty made the three capital expenditures described below related to her trade and business activities. Assume that no other acts were acquired and no niets were disposed of in 2020 or 2021. Betty's tax year ends on December 31st. ded Pochi Date Total Cost Selvage or Residual Velve Apartment Building October 31, 2020 $ 2,000,000 $ 150,000 Computers (S-year) August 15, 2020 $ 800,000 $ 40,000 Furniture (7-year) February 01, 2020 $ 150,000 $ 30,000 Assume Betty determines that $1,000,000 of the $2,000,000 total cost is allocated to land. 2) Lenoring any Section 179 section and bonus depreciation, show your calculation of the largest tax depreciation deductions that Betty can claim for each of the following items 1) 2020 depreciation deduction for the Apartment Building 1 2) 2021 depreciation deduction for the Apartment Building 3) 2020 depreciation deduction for the Computers 4 2021 depreciation deduction for the Computers 5) 2020 depreciation deduction for the Furniture 6) 20201 depreciation deduction for the Furniture ) Independent of your previous awwers, now assume that Betty purchased the Computers on December 01, 2020 rather than August 15, 2020 lariany Section 19 section and bonus detection show your calculation of the largest tax depreciation deduction that Betty can claim for each of the following items 1) 2020 depreciation deduction for the Computers 2) 2021 depreciation deduction for the Computers 3) 2020 depreciation deduction for the Fumiture 4) 20201 depreciation deduction for the Furniture Independent of your previous mewers, NOW assume that Betty Commal Warhouse April 1, 2020 (rather than an Apartment Building on October 31) for de same tal cost and amount allocated to land as before. To Sestion. 179 election and bow.desiation show your calculation of the largest tax depreciation deduction that Betty can claim for each of the following items 2020 depreciation detection for the Commercial Warehouse 2) 2001 depreciation deduction for the Commercial Warehouse 4) Independent of your previous anwens, return to the original assumptions (Computers were purchased in August and an Apartment Building was purchased in October, NOW me that the BE 31.500.000 rather than $150,000). NOW.considering the Section 179.lection.AND b.desto show your calculation of the largest tax depreciation deduction that Bellycan claim for each of the following items! 1) 2020 depreciation deduction for Computer 2) 2021 depreciation dediction for the Computer 3) 2020 depreciation deduction for the Future 420001 depreciation deduction for the Furniture

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