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Table 1 MACRS Half-Year Convention 3-Year 33.33% 44.45 14.81 7.41 L Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Depreciation Rate for Recovery Period 5-Year 7-Year 10-Year 15-Year 20.00% 14.29% 10.00% 5.00% 32.00 24.49 18.00 9.50 19.20 17.49 14.40 8.55 11.52 12.49 11.52 7.70 11.52 8.93 9.22 6.93 5.76 8.92 7.37 6.23 8.93 6.55 5.90 4.46 6.55 5.90 6.56 5.91 6.55 5.90 3.28 5.91 5.90 20-Year 3.750% 7.219 6.677 6.177 5.713 5.285 4.888 4.522 5.91 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 5.90 5.91 2.95 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 Year 19 Year 20 Year 21 TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 1.38 8.74 Year 7 8.75 Year 8 1.09 TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the second quarter | Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years Year 1 Year 2-9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Month Property Placed in Service Month 1 | Month 2 Month 3 Month 4 Month 5 | Month 6 Month 7 | Month 8 | Month 9 Month 10 Month 11 | Month 12 3.485% 3.182% 2.879% 2.576% 2.273% 1.970% 1.667% 1.364% 1.061% 0.758% 0.455% 0.152% 3.636 3.636 3.636 3.636 3.636 3.636 3.6363.636 3.6363.636 3.6363.636 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 | 3.636 3.636 3.636 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.636 | 3.636 3.636 3.636 3 .636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.6373.637 3.637 3.637 3.637 3.637 3.637 3.6373.637 3.637 3.6373.637 3.6363.6363.6363.6363.6363.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 1 3.636 | 3.636 | 3.6363.636 3.636 3.636 3 .636 3.636 3.636 3.6363.637 3.6373.637 3.6373.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.6373.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.636 | 3.636 3.636 3.6363.636 3.636 3.6363.6363.636 3.6363.636 3.636 3.637 3.637 3.6373.637 3.6373.637 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 1.97 2.273 2.5761 2.879 3.182 3.485 3.6363.6363.6363.636 | 3.6363.636 0.152 0.455 0.758 1.061 1.364 1.667 3,636 + 3.636 | 3.636 + 3.6373.637 TABLE 4 Nonresidential Real Property Mid-Month Convention Straight Line-31.5 Years (for assets placed in service before May 13, 1993) Month 11 0.397% 3.175 Month 12 0.132% 3.175 3.175 3.175 3.174 3.175 3.174 3.175 Month 3 2.513% 3.175 3.175 3.174 3.175 3.174 3.175 3.1 Month 1 3.042% 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Month 2 2.778% 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 1.175 Year 1 Year 2-7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 3.174 3 3.175 3.175 3.174 .174 3.175 3.175 3.174 3.174 3.175 | 3.175 3.174 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Month 10 0.661% 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Month Property Placed in Service Month 4 | Month 5 | Month 6 Month 7 | Month 8 | Month 9 2.249% 1.984% 1.720% 1.455% 1.190% 0.926% 3.175 3.175 3.175 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 | 3.175 3.174 3.174 3.175 3.174 3.175 L 3.174 3.175 3.175 3.174 3.175 3.174 3.115 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 L 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 L 3.175 3.174 3.175 3.174 3.175 + 3.174 | 3.175 3.174 3.174 3.175 3.175 3.174 3.174 3.175 3.115 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 | Year 19 3.174 + 3.175 + 3.174 + 3.175 +3.174 + 3.175 + + + 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.1 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service on or after May 13, 1993) Month 1 2.461% Month 4 1.819% Year 1 Year 2-39 Year 40 Month 2 2.247% 2.564 0.321 Month 3 2.033% 2.564 0.535 Month Property Placed in Service | Month 5 | Month 6 Month 7 1.605% 1.391% 1.177% 2.564 2.564 2.564 0.963 1.177 1.391 | Month 8 0.963% 2.564 1.605 | Month 9 0.749% 2.564 1.819 Month 10 | Month 11 | Month 12 0.535% 0.321% 0.107% 2.564 2.564 2.564 2.033 2.247 2.461 2.564 2.564 0.107 0.749 Return to question Required information Problem 10-51 (LO 10-2) [The following information applies to the questions displayed below.) Part 1 of 5 On May 20 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2. Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) points Problem 10-51 Part-a a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Answer is complete but not entirely correct. Year Depreciation deduction 1 $ 15,144 2 $ 24,230 3 $ 24,230 Return to question Part 2 of 5 Required information Problem 10-51 (LO 10-2) (The following information applies to the questions displayed below.] points On May 20 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Problem 10-51 Part-b b. What would be the year 3 depreciation deduction if the building was sold on January 18 of year 3? Answer is complete but not entirely correct. Year 3 depreciation deduction $ 2,019 Return to question On May 20 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Part 4 of 5 Problem 10-51 Part-d points d. Assume the building is residential property. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? & Answer is complete but not entirely correct. Year 1 2 3 Depreciation deduction $ 21,477 $ 34,360 $ 34,360 Table 1 MACRS Half-Year Convention 3-Year 33.33% 44.45 14.81 7.41 L Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Depreciation Rate for Recovery Period 5-Year 7-Year 10-Year 15-Year 20.00% 14.29% 10.00% 5.00% 32.00 24.49 18.00 9.50 19.20 17.49 14.40 8.55 11.52 12.49 11.52 7.70 11.52 8.93 9.22 6.93 5.76 8.92 7.37 6.23 8.93 6.55 5.90 4.46 6.55 5.90 6.56 5.91 6.55 5.90 3.28 5.91 5.90 20-Year 3.750% 7.219 6.677 6.177 5.713 5.285 4.888 4.522 5.91 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 5.90 5.91 2.95 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 Year 19 Year 20 Year 21 TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 1.38 8.74 Year 7 8.75 Year 8 1.09 TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the second quarter | Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years Year 1 Year 2-9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Month Property Placed in Service Month 1 | Month 2 Month 3 Month 4 Month 5 | Month 6 Month 7 | Month 8 | Month 9 Month 10 Month 11 | Month 12 3.485% 3.182% 2.879% 2.576% 2.273% 1.970% 1.667% 1.364% 1.061% 0.758% 0.455% 0.152% 3.636 3.636 3.636 3.636 3.636 3.636 3.6363.636 3.6363.636 3.6363.636 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 | 3.636 3.636 3.636 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.636 | 3.636 3.636 3.636 3 .636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.6373.637 3.637 3.637 3.637 3.637 3.637 3.6373.637 3.637 3.6373.637 3.6363.6363.6363.6363.6363.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 1 3.636 | 3.636 | 3.6363.636 3.636 3.636 3 .636 3.636 3.636 3.6363.637 3.6373.637 3.6373.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 | 3.636 | 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.6373.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.637 3.636 | 3.636 3.636 3.6363.636 3.636 3.6363.6363.636 3.6363.636 3.636 3.637 3.637 3.6373.637 3.6373.637 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 1.97 2.273 2.5761 2.879 3.182 3.485 3.6363.6363.6363.636 | 3.6363.636 0.152 0.455 0.758 1.061 1.364 1.667 3,636 + 3.636 | 3.636 + 3.6373.637 TABLE 4 Nonresidential Real Property Mid-Month Convention Straight Line-31.5 Years (for assets placed in service before May 13, 1993) Month 11 0.397% 3.175 Month 12 0.132% 3.175 3.175 3.175 3.174 3.175 3.174 3.175 Month 3 2.513% 3.175 3.175 3.174 3.175 3.174 3.175 3.1 Month 1 3.042% 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Month 2 2.778% 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 1.175 Year 1 Year 2-7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 3.174 3 3.175 3.175 3.174 .174 3.175 3.175 3.174 3.174 3.175 | 3.175 3.174 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Month 10 0.661% 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Month Property Placed in Service Month 4 | Month 5 | Month 6 Month 7 | Month 8 | Month 9 2.249% 1.984% 1.720% 1.455% 1.190% 0.926% 3.175 3.175 3.175 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 | 3.175 3.174 3.174 3.175 3.174 3.175 L 3.174 3.175 3.175 3.174 3.175 3.174 3.115 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 L 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 L 3.175 3.174 3.175 3.174 3.175 + 3.174 | 3.175 3.174 3.174 3.175 3.175 3.174 3.174 3.175 3.115 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 | Year 19 3.174 + 3.175 + 3.174 + 3.175 +3.174 + 3.175 + + + 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.1 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service on or after May 13, 1993) Month 1 2.461% Month 4 1.819% Year 1 Year 2-39 Year 40 Month 2 2.247% 2.564 0.321 Month 3 2.033% 2.564 0.535 Month Property Placed in Service | Month 5 | Month 6 Month 7 1.605% 1.391% 1.177% 2.564 2.564 2.564 0.963 1.177 1.391 | Month 8 0.963% 2.564 1.605 | Month 9 0.749% 2.564 1.819 Month 10 | Month 11 | Month 12 0.535% 0.321% 0.107% 2.564 2.564 2.564 2.033 2.247 2.461 2.564 2.564 0.107 0.749 Return to question Required information Problem 10-51 (LO 10-2) [The following information applies to the questions displayed below.) Part 1 of 5 On May 20 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2. Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) points Problem 10-51 Part-a a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Answer is complete but not entirely correct. Year Depreciation deduction 1 $ 15,144 2 $ 24,230 3 $ 24,230 Return to question Part 2 of 5 Required information Problem 10-51 (LO 10-2) (The following information applies to the questions displayed below.] points On May 20 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Problem 10-51 Part-b b. What would be the year 3 depreciation deduction if the building was sold on January 18 of year 3? Answer is complete but not entirely correct. Year 3 depreciation deduction $ 2,019 Return to question On May 20 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Part 4 of 5 Problem 10-51 Part-d points d. Assume the building is residential property. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? & Answer is complete but not entirely correct. Year 1 2 3 Depreciation deduction $ 21,477 $ 34,360 $ 34,360
