Razorback Sports Inc. purchased equipment on July 1, 2016. Razorback Sports took the maximum amount of 179 depreciation (no bonus depreciation). The equipment is all 7 year property. (The corporation uses MACRS depreciation for tax purposes.)

a.

Cost of the equipment

832,500

Depreciation expense (As per Adjusted Trail balance)

22,200

Accumulated depreciation (As per Adjusted Trail balance)

416,250

a) Find the depreciation for year 2019.

b) What is the Depreciation that need to consider in Form 1120 under Line No 20.

c) What is the Depreciation that need to consider in Form 1120 under Schedule M1.