Required information Problem 10-51 (LO 10-2) The following information applies to the questions displayed below) ing, including the land it was on, to assemble his new equipment. The basis of the land and the remaining $900,000 On November t0 of year 1 Javier purchased a buildi total cost of the purchase was $1,200,000; $300,000 was allocated to the was allocated to the basis of the building. (Use MACRS Table 1, Table 2. Table 3, Table 4 and intermediate calculetions. Round your answers to the nearest whole dollar amount.) Table 5) (Do not round Problem 10-51 Parte e. What would be the depresclation for 201e, 2019, and 2020 i the property were nonresidental property purchased and placed im service November 10, 2001 (assume the same original basis)? 2018 2019 2020 Depreciation Rate for Recovery Period 35.00% 26.00 15.60 25.00% 21.43 11.01 138 8.75 8.74 8.75 1.09 TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter Rate for Recovery Period 25.00% 30.00 18.00 1137 1137 1 785% 16.76 11.97 8.87 8.87 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 7-year 10.71 % 25.51 18.22 20.40 11.30 7.06 9.30 8.85 8.86 5.53 TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter n Rate for Recovery Period 5.00% 38.00 22.80 13.68 3.57% 27.55 19.68 14.06 10.04 8.73 8.73 7.64 9.58 ABLE 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period Year 3-year 5-year 7-year 10-year 15-year 20-year 20.00 32.00 19.20 11.52 11.52 5.76 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 10.00 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 33.33 44.45 14.81 7.41 3.750 7.219 6.677 5.00 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 2 3 4 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 6 8 9 10 12 13 14 16 17 18 19 20 21 TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-275 Years Month Property Placed in Service 1970% 3.636 3.485 % 2.879% | 2.578% | 2.273% 1.667% 1061 % | 0.758% | 0.455% | 0.152% 3.636 2-9 3.636 3.636 3.636 3.636 3.637 3.636 3.636 3.636 3.637 3.636 3.637 3.637 3.637 3.636 3.637 3.637 3.636 3.636 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.637 3.637 3.636 3.637 3.636 3.637 3.637 3.636 3.636 3.637 3.636 3.637 3.637 3.637 3.636 3.637 3.636 3.637 3.637 3.837 3.636 3.638 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.636 3.636 3.637 3.637 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.637 3.636 0.455 3.636 3.637 3636 3.637 3.636 3.636 3.636 3.637 3.636 3.636 3.637 3.636 3.636 3.636 3.637 2.879 1061 75 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 10-001 75 75-74 75 74-74 75 74-74-74-74-74-74-74-74 75 9 26 75 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 7-55 75 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 76 74 75 74 75 74 75 32 6|25 74 75 74 75 74 75 74 75 74 5 74 75 74 75 74 75 74 5 74 75 74 75 74 75 1. 3 3 3 3 3. 3 3 3 3 3 3 3 3 3. 333333333332 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 13 2-78 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 233 3. 3. 3. 3 3 3 3 3. 333333333 3. 3 3 3 3. 3. 1. 1-42 75 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 75 74 20 | tur-1 2-1 8 9 0 1 12 13 14 15 16 17 18 10 20 21 22 23 24 25 26 27 28 29 30 31 32 33
