Question
needs to be check if I get the right answers if using the MACRS method to calculate depreciation for the 2019 tax return. for IRS
needs to be check if I get the right answers if using the MACRS method to calculate depreciation for the 2019 tax return. for IRS form 4562
Building purchased on 5/1/2014 for $655,000. The building was placed in service on 6/1/2014. 655000*0.03636=23815.8. Screen printing machinery (7yr) purchased and placed in service on 6/1/2014 for $280,000. 280000*0.0892=24976 Office furniture and fixtures (7yr) purchased and placed in service on 1/1/2015 for $55,000
55000*0.0893=4911.5 Additional screen printing machinery (7yr) purchased and placed in service on 2/1/2019 for $235,000 235000*0.1429=33581.5 Computer equipment (5yr) purchased and placed in service on 3/1/2019 for $35,000 35000*0.20=7000 Warehouse (39yr) purchased and placed in service on 9/1/2019 for $560,000 560000*0.02564=14358.4
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