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QUESTION 7 A taxpayer places in service the following properties (all purchased used) during 2021: Type of property Date placed in service Office building

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QUESTION 7 A taxpayer places in service the following properties (all purchased used) during 2021: Type of property Date placed in service Office building Furniture Computers Machinery Cost April 6 $275,000 June 5 57,000 September 26 October 2 25,000 65,000 Neither Section 179 expense nor bonus depreciation is taken on any of these properties, and the taxpayer uses regular (accelerated) MACRS to depreciate all personal property. Depreciation expense on the office building and machinery for 2021 is: $4,995 and $2,321, respectively. $7,083 and $3,250, respectively. $5,582 and $9,289, respectively. $6,184 and $3,969, respectively. none of the above.

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