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Saved List the recovery period for the following assets used in a trade or business: Blank 1 Office furniture Blank 2 Leasehold improvements Blank 3

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List the recovery period for the following assets used in a trade or business:
Blank 1 Office furniture
Blank 2 Leasehold improvements
Blank 3 Warehouse
Blank 4 Trailer - type pulled by over the road trucks
Blank 5 Apartment building
Question 48 options:
Blank # 1
7 years
Blank # 2
15 years
Blank # 3
39 years
Blank # 4
5 years
Blank # 5
27.5 years
Question 49(2 points)
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Delores, who is self-employed, flew to Chicago for a business-related convention. 3 days were at the hotel to attend convention breakout sessions and 2 days she went to the Field Museum, Shedd's Aquarium and a Cub's game.
Costs:
Airfare $900
Hotel 150 per night *5=750
Conference registration 1,000
Admissions (Museums/Cubs)120
The hotel shuttle provided a complimentary ride from and to the airport, but Delores spent $250 on taxis to visit other destinations.
Her allowable business expense is:
Question 49 options:
2600
Question 50(2 points)
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Curt purchased a $80,000 electric car for use in his LLC. The maximum Section 179 Curt may claim on this property in 2023 is
Question 50 options:
80000
Question 51(2 points)
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Beth purchased 2 pieces of equipment, both 7 year properties, in the current year for use in her corporation. One was purchased on April 1 for $10,000. The other was acquired on October 12 for $20,000. Due to income limitations Beth will not use section 179 or bonus. What is the 1st year deprecation expense? (Round to the nearest dollar)

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