QUESTION 4 Taxpayer purchased tangible personal property for $100,000. Taxpayer elects to not take bonus depreciation on this asset. Taxpayer also does not take any Sec. 179. The asse has a depreciable life of 7 years. What is the year three regular depreciation deduction for this asset? $100,000 e $17.490 $14,290 524,490 QUESTION 5 ] Which of the following is NOT an allowable deduction when calculating the taxable margin for Texas Franchise Tax Purposes? 51 million Cost of Goods Sold (COGS) Compensation Net Expenses QUESTIONE BD Type here to search MACRS Tables Half Year Convention Year 1 3 YR 33.33% 44.45 14.81 7.41 3 5 YR 20.00% 32.00 19.20 11.52 11.52 5.76 7 YR 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 5 6 7 8 9 10 11 12 13 14 15 16 15 YR 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 Mid Month Convention 39 Year Property 1 Month 1 2 3 4 5 6 7 8 9 10 11 12 2.461% 2.247 2.033 1.819 1.605 1.391 1.177 0.963 0.749 0.535 0.321 0.107 2-39 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 40 0.107 0.321 0.535 0.749 0.963 1.177 1.391 1.605 1.819 2.033 2.247 2.461