Problem 6-46 (LO 6-3) Michael is the sole proprietor of a small business. In June 2019, his business income is $8,700 before consideration of any $179 deduction. He spends $229,500 on furniture and equipment in 2019. If Michael elects to take the 5179 deduction and no bonus on a conference table that cost $22,500 (included in the $229,500 total). (Use Table 6A. and Table 6A 2) Required: Determine the maximum cost recovery for 2019 with respect to the conference table (Round your intermediate calculations to the nearest whole dollar amount.) Maximum cost recovery Half-Year Convention Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year TABLE 6A-1 General Depreciation System: 200% or 150% Declining Balance Switching to Straight-Line 20-Year 33.33 44.45 14.81 7.41 20.00 32.00 19.20 11.52 11.52 5.76 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 10.00 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 5.00 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 3.750 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4,462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 * May not be used for farm business property generally placed in service after 1988 See Table 14. Rev. Proc. 87-57, 1987.2 CB 687 20 28 27 26 25 0000 0.000 0.000 0.000 0000 0.000 0152 0455 0758 3636 2182 2.273 2576 2870 1970 3.637 2620 7676 2636 3.636 2616 2636 3637 3.637 3637 3.636 3.636 3.637 3.636 3.6363.636 3.637 36373637 3.637 3.6363.636 3.637 3.637 3.63636363636 36373.637 3.637 3.637 3.637 2626 2626 2636 24 23 22 21 20 19 18 17 16 15 1961 DEDE 9898989 929 969 ZESE ZESE LESE 19 LESE 9E9E 969 99 DESE 9E9 E ZESE LESE LESE ZENE ZESE LEDE ZESE ZESZESE 9E9 E 9E9E SETE 99E 9E9E 9E9E 9E9E SESE 989969E ZESE ZESE LE9 E LESE LESE LEGE ZEILE9 1998 ZE9E LESE 9E9E 9E9E 9E9E 969 909E 9E9E 9E99E9E 989 989 989 E ZE9E LESE LESE LESE LES E ZESE ZE9 E ZE9E ZE9E ZENE ZESE SESE 9E9E SESE 9E9 969 SESE 9E9E 9E9E SESE ZESE LESE ZESE LESE LES E ZESE 9E9E 9E9E 9E9E 969 9C9E 99 996 ZESE ZESE LESE ZESE LESE 298 LESE 909 989 E 969 929 9E93 9E9 E 9E9E 9E9E ZESE ZESE ZESE ZESE ZESE ZESE ZESE ZESE 99E9E9E9E9E 989 E 9E9 969 929 9E9E 9E9E 9E9E LES E LES E ZESE LESE 1E9E LESE ZE9E (E9E ZE9 LE9EE9E9E9E 9E9E 9E9 E 9E9 9E9E9E9E 9E9E 9E9E 9E9E ZESE ZESE LESE ZE9E ZE9ELESE 9E9 989 989 E 9E9E 9E9 E 9E9E 9E9 99 9898 909 9E9E ZE9 E ZE9E ZE9E ZE9E ZESE LESE 9E9E 969 99 9E9E9E9 989 6909 989 989 9E9 E 9E9 989 9E9E 9E9E 99E 989 E 9E9 989 E 969 9E9E 9E9 9898 989 E 9E9E 9E9E 909 969 989909 989 E 9E9 E 989E 9E9 98999 99 9E9E 9E9 989 E 9E9E 989 E 9E9 989 9899E9 E 9E9 99969 989898989898 9E9 E 969 959 E 9E9 989 989 989 989 E 989 E 9E9 E 9E9E 9E9E 9E9E 969 9E9E 9E9E9E9E 909 9E9E 9E9E 9E9E 9E9E 9E9 969 E 9E9909 E 969 9E9E 989 989 E 9E9 9E9 9E9 99 9E9 E SLO OZ6L ELCZ ZSZ 6287 2818 98VE 9 E 3636 3637 3636 3637 363736373.637 3636 14 3636 3.637 3636 3.636 3.6373637 3.637 3636 12 11 10 6 8 7 6 5 4 3.636 3.636 3.63636363636 3.636 3.636363636363636 1.667 1364 1.061 0.758 0.455 12 11 10 9 8 7 5 4 Month in the First Recovery Year the Property is placed in Service E 1 Recovery Year 2 1 TABLE 6A-6 General Depreciation System: Straight-.ine; Applicable Recovery Period: 27.5 Years; Mid-Month Comention
