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Please create excel sheet A . For the properties listed below compute the depreciation taken over the useful life of the property. Assume that all
Please create excel sheet A. For the properties listed below compute the depreciation taken over | |||
the useful life of the property. Assume that all property is post-1986 | |||
property. | |||
B. Include columns for the applicable AMT depreciation and the determined by using strait line (SL) method under ADS. | |||
PROPERTY | COST | PLACED IN SERVICE | |
Tractor unit | 19,000 | 15 Feb | |
Race horse over 2 years old | 54,000 | 12 May | |
Computer | 4,000 | 25 Nov | |
Luxury Automobile | 67,800 | 15 May | |
General Purpose Truck | 25,000 | 13 Oct | |
Office Desk | 7,300 | 5 Jan | |
Office Safe | 4,600 | 7 Sept | |
Light Boat | 69,700 | 27 July | |
Petroleum Refining Instalation | 154,000 | 15 June | |
Residental Rental Building | 10,790,000 | 26 April | |
Nonresidental Rental Building | 13,000,000 | 20 Nov | |
Abbreviation: | |||
HY = half-year | |||
MQ = mid-quarter | |||
MM = mid-month | |||
SL - strait line | |||
DB - declining balance | |||
Suggested Columns | |||
Asset Description | |||
Date Placed in Service | |||
Cost Basis | |||
Recovery Rate | |||
MACRS Recovery Amount | |||
MACRS Accumulated Depreciation | |||
Adjusted Basis | |||
AMT Rate | |||
AMT Recovery Amount | |||
AMT Accumulated Depreciation | |||
AMT Adjustment | |||
AMT Adjusted Basis | |||
please help a really need help
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