Question $7$

During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $$1,600,000.$

Calculate the maximum depreciation deduction during the current year. Blank $1$

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Question $8$

Olney LLC only purchased one asset this year. Olney LLC placed in service on July $19,2023,$ machinery with a basis of $$1,330,000.$

Assume that Olney has sufficient income to avoid any limitations$.$ Calculate the maximum depreciation deduction, including $179$

expensing $($but ignoring bonus depreciation$).$ Blank $1$

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Question $9$

Alexandra purchased a $$70,000$ automobile during March of $2023.$ The business use was $70$ percent. What is the allowable

depreciation for the current year? $($Ignore any possible bonus depreciation.$)$ Blank $1$

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Question $10$

Assume that Yuri acquires a competitor's assets on May $1^{st}.$ The purchase price was $$500,000.$ Of that amount, $$325,000$ is

allocated to tangible assets, and $$175,000$ is allocated to goodwill $($a $$197$ intangible asset$).$ What is Yuri's amortization deduction for

the current year? Note: Round final answer to the nearest whole number. Blank $1$

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