Questions 91 & 92 please. Thank you!

89. Jill is a new tax preparer. She is preparing her first business return, which includes newly purchased assets to be depreciated. She has determined the class life for all but 2 of the assets. Which class life would be used to recover the cost of assets not included in the class life table? a) 3-year property b) 5-year property c) 7-year property d) 10-year property 90. Raymond purchased a utility trailer on 2/18/2018. The trailer was delivered on 3/10/2018. He added side rails and a lift to the bed of the trailer. The work was completed and the trailer ready for use on 4/2/2018. What is the date placed in service? a) 02/18/2018 6) 03/10/2018 C) 04/02/2018 d) 01/01/2018 91. Gloria purchased assets for her business. Which of the following best describes the type of information Gloria will need to calculate the depreciation for the assets purchased? a) Basis of the asset, date of purchase, and where the asset was purchased b) Basis of the asset, appropriate convention, recovery period, and depreciation method Basis of the asset, appropriate convention, and date of purchase d) Basis of the asset, date of purchase, and depreciation method c) 92. Gloria needs help in determining the basis of her assets. For the properties she purchased, she paid additional fees such as sales tax, legal fees, freight charges to obtain the properties, and installation and testing charges paid to get the properties ready for use. Which of the following costs should Gloria include when determining the basis of her assets? ollowing costs should come charges paid to get the propertieharges to obtain the prop a) Sales tax paid b) Freight charges, sales tax paid, and legal fees c) Sales tax paid, freight charges, legal fees, and installation and testing charges d) Sales tax paid, freight charges, and installation and testing charges