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Problem #2: In 2020 Hunter Inc., a real estate operator and calendar year taxpayer, purchased and placed into service the following assets: Purchased Placed in

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Problem #2: In 2020 Hunter Inc., a real estate operator and calendar year taxpayer, purchased and placed into service the following assets: Purchased Placed in Service Description Cost Salvage Value April 2020 May 2020 Furniture & fixtures $117,000 $3,000 May 2020 Aug. 2020 Passenger automobile $65,000 $5,000 July 2020 Sept. 2020 $1,225,000, ($950,000 building/ $275,000 land) Apartment Building Computer Equipment Sept. 2020 Nov. 2020 $32,000 $3,000 A) Ignoring the Section 179 deduction and bonus depreciation, calculate the MACRS depreciation deduction for all assets in 2020

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