Problem 8-36 (b) (LO. 2)

Starnell acquired the following new assets during 2017:

Date	Asset		Cost
January 4		Computers and peripheral equipment	$10,000
June 2		Truck (not subject to any depreciation limitations)	22,000
October 31		Office equipment	40,000

Starnell does not elect immediate expensing under 179 or any additional first-year depreciation for 2017.

If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem.

a. What MACRS convention applies to the assets?

b. What class of property is each asset for MACRS?

c. The cost recovery for the current year is:

Computers and peripheral equipment:	$
Truck:	$
Office equipment:	$