6. Phillip computes his cost recovery allowance using MACRS. He would like to use the 179 immediate expensing, but he has elected to not claim any bonus depreciation. Phillip has never claimed 179 or bonus depreciation before. The assets Phillip sold on March 20 are as follows: using Forms: 4562, 4797, 8960, 8995

Date Acquired	Asset	Sales Price	Original Cost	Accumulated Depreciation as of Beginning of the Year
5/1/14	Office building	$940,000	$900,000	$129,825
5/1/14	Land	150,000	100,000	0
7/1/14	Furniture	50,000	239,000	206,998
8/13/16	Furniture	10,000	324,000	222,782
4/12/17	Office equipment	100,000	120,000	67,524
5/13/19	Computers	30,000	50,000	10,000