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On July 1 4 , 2 0 1 8 , Henry purchased the following assets: Dump truck for $ 8 0 , 0 0 0

On July 14,2018, Henry purchased the following assets: Dump truck for $80,000, Pistons as an add on to the Dump Truck $5000, Bulldozer $150,000, Metal office building/storage facility $35,000, Miscellaneous tools, rakes, ect. $1,000. Compute the first year depreication for the assets if applicable. Asset Basis Convention Depreciation Rate Depreciation Amount

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