Question 1

1pts

In [Year 1][,] T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

9-31(a)Compute T's depreciation deduction for [Year 1].

(a) - Building - Formula Method

Please enter T's depreciation deduction for Building for the first year using the Formula method (rounded to the nearest cent)

Flag question: Question 2

Question 2

1pts

In [Year 1][,] T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

9-31(a)Compute T's depreciation deduction for [Year 1].

(a) - Building - Table Method

Please enter T's depreciation deduction for the Building for the first year using the applicable Table (rounded to the nearest cent)

Flag question: Question 3

Question 3

1pts

In [Year 1][,] T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

9-31(a)Compute T's depreciation deduction for [Year 1].

(a) - Furniture - Formula Method

Please enter T's depreciation deduction for the Furniture for the first year using the Formula method (rounded to the nearest cent)

Flag question: Question 4

Question 4

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

9-31(a)Compute T's depreciation deduction for[Year 1].

(a) - Furniture - Table Method

Please enter T's depreciation deduction for the Furniture for the first year using the applicable Table (rounded to the nearest cent)

Flag question: Question 5

Question 5

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

b.Compute T's depreciation deduction for [Year 2].

(b) - Building - Formula Method

Please enter T's depreciation deduction for the Building for the second year using the Formula method (rounded to the nearest cent)

Flag question: Question 6

Question 6

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

b.Compute T's depreciation deduction for [Year 2].

(b) - Building - Table Method

Please enter T's depreciation deduction for the Building for the second year using the applicable Table (rounded to the nearest cent)

Flag question: Question 7

Question 7

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

b.Compute T's depreciation deduction for [Year 2].

(b) - Furniture - Formula Method

Please enter T's depreciation deduction for the Furniture for the second year using the Formula method (rounded to the nearest cent)

Flag question: Question 8

Question 8

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

b.Compute T's depreciation deduction for [Year 2].

(b) - Furniture - Table Method

Please enter T's depreciation deduction for the Furniture for the second year using the applicable Table (rounded to the nearest cent)

Flag question: Question 9

Question 9

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

c. Assuming that T sold the office building and the furniture on July 20, [Year 3] , compute T's depreciation for [Year 3].

(c) - Building - Formula Method

Please enter T's depreciation deduction for the Building for the third year using the Formula method (rounded to the nearest cent)

Flag question: Question 10

Question 10

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

c. Assuming that T sold the office building and the furniture on July 20, [Year 3] , compute T's depreciation for [Year 3].

(c) - Building - Table Method

Please enter T's depreciation deduction for the Building for the third year using the applicable Table (rounded to the nearest cent)

Flag question: Question 11

Question 11

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

c. Assuming that T sold the office building and the furniture on July 20, [Year 3] , compute T's depreciation for [Year 3].

(c) - Furniture - Formula Method

Please enter T's depreciation deduction for the Furniture for the third year using the Formula method (rounded to the nearest cent)

Flag question: Question 12

Question 12

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

c. Assuming that T sold the office building and the furniture on July 20, [Year 3] , compute T's depreciation for [Year 3].

(c) - Furniture - Table Method

Please enter T's depreciation deduction for the Furniture for the third year using the applicable Table (rounded to the nearest cent)

Flag question: Question 13

Question 13

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(a) - Building - Formula

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for Building for the first year using the Formula method (rounded to the nearest cent)

Flag question: Question 14

Question 14

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(a) - Building - Table

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Building for the first year using the applicable Table (rounded to the nearest cent)

Flag question: Question 15

Question 15

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(a) - Furniture - Formula

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Furniture for the first year using the Formula method (rounded to the nearest cent)

Flag question: Question 16

Question 16

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(a) - Furniture - Table

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Furniture for the first year using the applicable Table (rounded to the nearest cent)

Flag question: Question 17

Question 17

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(b) - Building - Formula

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Building for the second year using the Formula method (rounded to the nearest cent)

Flag question: Question 18

Question 18

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(b) - Building - Table

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Building for the second year using the applicable Table (rounded to the nearest cent)

Flag question: Question 19

Question 19

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(b) - Furniture - Formula

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Furniture for the second year using the Formula method (rounded to the nearest cent)

Flag question: Question 20

Question 20

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(b) - Furniture - Table

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Furniture for the second year using the applicable Table (rounded to the nearest cent)

Flag question: Question 21

Question 21

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(c) - Building - Formula

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Building for the third year using the Formula method (rounded to the nearest cent)

Flag question: Question 22

Question 22

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(c) - Building - Table

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Building for the third year using the applicable Table (rounded to the nearest cent)

Flag question: Question 23

Question 23

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(c) - Furniture - Formula

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Furniture for the third year using the Formula method (rounded to the nearest cent)

Flag question: Question 24

Question 24

1pts

In[Year 1][,]T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix.

Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.

(d)(c) - Furniture - Table

Assuming that the furniture was purchased on October 20, please enter T's depreciation deduction for the Furniture for the third year using the applicable Table (rounded to the nearest cent)