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Please help me complete the chart. 1) Complete chart Asset type Examples of asset Basic rules Cost recovery type[e.g. MACRS 7 year recovery] Eligible for

Please help me complete the chart.image text in transcribed

1) Complete chart Asset type Examples of asset Basic rules Cost recovery type[e.g. MACRS 7 year recovery] Eligible for Sec 179 or bonus depreciation Personal property-half year convention Personal property-mid quarter convention Personal property - listed Real property- residential Real property - commercial Land Intangibles - Sec 197 Intangibles - organizational expenditures and start- up costs Intangibles -Research and experimentation costs Intangibles - Patents and copyrights

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