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Please help me answer these questions QUESTION 3 In year 1 taxpayer purchases a brand-new desk and chair for $1,000. Separate delivery costs are $500

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Please help me answer these questions

QUESTION 3 In year 1 taxpayer purchases a brand-new desk and chair for $1,000. Separate delivery costs are $500 in total. What is the regular depreciation deduction for this asset in year 5? O $107 O $214 O 50 $134 QUESTION 4 Generally, a loss from 1231 property will have what character? Short Term Ordinary O Long Term Capital

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