Mike purchases a heavy-duty truck (5-year class recovery property) for his delivery service on April 30, 2015. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations. The truck has a depreciable basis of $39,080 and an estimated useful life of 5 years. Assume half-year convention for tax.

c. Calculate the amount of depreciation for 2015, including bonus depreciation but no election to expense, that Mike could deduct using the MACRS tables. $

d. Assume no income limit on the expense election. Calculate the amount of depreciation for 2015 including bonus depreciation and the election to expense that Mike could deduct under the following assumptions. Assume 2014 Section 179 limits are extended: $ Assume existing 2015 Section 179 limits remain in place: $

Alice purchases a rental house on September 22, 2015, for a cost of $174,000. Of this amount, $100,000 is considered to be allocable to the cost of the home, with the remaining $74,000 allocable to the cost of the land. What is Alice's maximum depreciation deduction for 2015 using MACRS?

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a. $2,373

b. $2,071

c. $1,364

d. $1,061

e. $1,009