Question
n 20192019, WoburnWoburn Corporation purchases $ 1.7$1.7 million of machinery (7-year property) and places it into service in its business. LOADING... (Click the icon to
n
20192019,
WoburnWoburn
Corporation purchases
$ 1.7$1.7
million of machinery (7-year property) and places it into service in its business.
LOADING...
(Click the icon to view the MACRS half-year convention rates.)Read the requirements
LOADING...
.a. What are
Woburn'sWoburn's
depreciation deductions for
20192019
and
20202020
if
WoburnWoburn
does not elect Sec. 179 expensing and elects out of bonus depreciation. (Enter amounts in whole numbers, do not enter amounts in millions. Use MACRS rates to two decimal places, X.XX%. Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "0" for any zero amounts.)
| 2019 | 2020 |
---|---|---|
Sec. 179 expense |
|
|
Bonus depreciation |
|
|
MACRS depreciation |
|
|
Total depreciation |
|
|
b.What are
Woburn'sWoburn's
depreciation deductions for
20192019
and
20202020
if
WoburnWoburn
elects Sec. 179 expensing for the assets and does not elect out of bonus depreciation. (Enter amounts in whole numbers, do not enter amounts in millions. Use MACRS rates to two decimal places, X.XX%. Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "0" for any zero amounts.)
| 2019 | 2020 |
---|---|---|
Sec. 179 expense |
|
|
Bonus depreciation |
|
|
MACRS depreciation |
| |
Total depreciation |
|
|
c.What are
Woburn'sWoburn's
depreciation deductions for
20192019
and
20202020
if
WoburnWoburn
does not elect Sec. 179 expensing and does not elect out of bonus depreciation. (Enter amounts in whole numbers, do not enter amounts in millions. Use MACRS rates to two decimal places, X.XX%. Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "0" for any zero amounts.)
| 2019 | 2020 |
---|---|---|
Sec. 179 expense |
|
|
Bonus depreciation |
|
|
MACRS depreciation |
|
|
Total depreciation |
|
|
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