Problem 18 only

18. MACRS and Averaging Conventions. (Objs. 1,3,5) Howard Fields (SSN 748-29-4631) operates the H. B. Fields Company as a sole proprietorship. H.B. Fields has the following depreciable roperty. The automobile is used 100% for business. Howard has written evidence of the usiness use, which was 19,280 miles in 2017. He has another vehicle he uses for personal use Using this information, prepare Howard's 2017 Form 4562, Depreciation and Amortization. Date of Acquisition January 30, 2016 March 10, 2017 August 6, 2017 December 1, 2015 Averaging Convention HY Item Used car Garage for auto New machine Used desk Cost $24,000 39,000 12,460 1,910 HY MQ for $320,000 and an apartment building for $400,000. These amounts include only th buildings, not the land. Compute the 2017 MACRS expense for each building. 19. MACRS, Real Property. (Obj. 1) In February 2017, a taxpayer purchased an office building (Obj. 1) Drew operates a business as a sole proprictorshi ry 3, 2017, Drew placed in service a warehouse costing $650,000. On Novemb 20. MACRS and ADS, Real Property. 25, 2017, he placed in service an apartment complex costing $990,000. Compute Drew's 2017 depreciation expense on each building. Drew uses MACRS depreciate the warehouse and elects to use ADS to depreciate the apartment buildin a. Same as in Part a., except that Drew elects to depreciate the warehouse using ADS uses MACRS to depreciate the apartment building. b. c. Same as in Part a, except that Drew uses MACRS to depreciate both buildings. d. Same as in Part a, except that Drew elects to use ADS to depreciate both buildin d. S 18. MACRS and Averaging Conventions. (Objs. 1,3,5) Howard Fields (SSN 748-29-4631) operates the H. B. Fields Company as a sole proprietorship. H.B. Fields has the following depreciable roperty. The automobile is used 100% for business. Howard has written evidence of the usiness use, which was 19,280 miles in 2017. He has another vehicle he uses for personal use Using this information, prepare Howard's 2017 Form 4562, Depreciation and Amortization. Date of Acquisition January 30, 2016 March 10, 2017 August 6, 2017 December 1, 2015 Averaging Convention HY Item Used car Garage for auto New machine Used desk Cost $24,000 39,000 12,460 1,910 HY MQ for $320,000 and an apartment building for $400,000. These amounts include only th buildings, not the land. Compute the 2017 MACRS expense for each building. 19. MACRS, Real Property. (Obj. 1) In February 2017, a taxpayer purchased an office building (Obj. 1) Drew operates a business as a sole proprictorshi ry 3, 2017, Drew placed in service a warehouse costing $650,000. On Novemb 20. MACRS and ADS, Real Property. 25, 2017, he placed in service an apartment complex costing $990,000. Compute Drew's 2017 depreciation expense on each building. Drew uses MACRS depreciate the warehouse and elects to use ADS to depreciate the apartment buildin a. Same as in Part a., except that Drew elects to depreciate the warehouse using ADS uses MACRS to depreciate the apartment building. b. c. Same as in Part a, except that Drew uses MACRS to depreciate both buildings. d. Same as in Part a, except that Drew elects to use ADS to depreciate both buildin d. S