QUESTION 8 DEBRA ACQUIRED THE FOLLOWING ASSETS DURING THE YEAR: DATE ASSET COST FEBRUARY 12 OFFICE FURNITURE (7YR) $35,000 JULY 27 DELIVERY TRUCKS (5 YR) S42,000 NOVEMBER 15 COMPUTERS (5 YR) $85.000 TOTAL S162,000 DEBRA DOES NOT ELECT IMMEDIATE EXPENSING UNDER $ 179 AND ELECTED OUT OF BONUS DEPRECIATION. SHE IS A CALENDAR YEAR TAXPAYER. WHAT IS HER DEPRECIATION EXPENSE FOR THE YEAR?USE THE TABLES PROVIDED IN CLASS $40,500 $19,300 $30,002 $24,300 QUESTION 9 On May 5th, Sarah purchased a new office building for $2.5 million to use for rental purposes. After review of the appraisal, $100,000 was allocated to the value of the land on November 3rd, she began leasing office space in the building What is Sarah's depreciation deduction for the year? Use the tables provided in class) 58,025 $10,256 57.704 510,684 20 Table A-1 3-, 5-. 7, 10, 15 and 20-Year Property Hall Your Convention Deprecated Ve 15- 4 20.00 10.00 5.00 2 1800 50 1 7 11 770 22 760 7210 BITZ 7 5 50 500 1 Table A-2 54, 7, 10, 15 and 20-Year Property Mid-Quartier Convention Placed in Service in First Quarter 3 1750 7.000 . 21 30 110 119 14 10 Thable college Murid, Murid, ring Jounty Head of bold Oud Wide 30 10 540.000 SO 1580.000 S01 540.000 015500 10 10.000 540,001 16 544 50 580.00110 546 800 540.001105243300 55.50 to $40.00 0.00 N100 SET 451 ore 5496,301 and over S01 ud over 05 and over 5108,001 and Since 1 SH 50 Malin Jointly WO 1 O