Modified Accelerated Cost Recovery System (MACRS), Listed Property, Limitation on Depreciation of Luxury Automobiles (LO 8.2, 8.4, 8.5)

During 2022, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business:

Item	Date Acquired	Cost
Manufacturing equipment (7 year)	June 2	$60,000
Office furniture	September 15	10,000
Office computer	November 18	1,600
Passenger automobile (used 90 percent for business)	May 31	55,000
Warehouse	May 9
Building		180,000
Land		135,000

Pepe uses the accelerated depreciation method under MACRS and takes bonus depreciation.

Complete Form 4562, Depreciation and Amortization to determine the depreciation expense.

If required, round your answers to the nearest dollar. If an amount is zero, enter "0". Enter amounts as positive numbers.

Use depreciation tables, Table 8.1 Recovery Periods for Assets Placed in Service After 1986, and Annual Automobile depreciation limitations.