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She would like to take the Section 179 depreciation election for 2020. Do not prepare Form 4562. Instead, show your calculations. Asset Class Description Furniture

image text in transcribedShe would like to take the Section 179 depreciation election for 2020. Do not prepare Form 4562. Instead, show your calculations.

Asset Class Description Furniture & Fixtures Office Equipment Furniture & Fixtures Furniture Fixtures Equipment Furniture Business Assets Date Placed in Service Cost 3/15/2014 $ 15,000 2/5/2015 $ 5,000 5/1/2018 $ 7,500 3/15/2020 $ 2,500 6/28/2020 $ 1,500 11/15/2020 $ 750 12/1/2020 $ 1,500 Convention HY HY MQ 7 year 5 year 7 year 7 year 7 year 5 year 7 year Asset Class Description Furniture & Fixtures Office Equipment Furniture & Fixtures Furniture Fixtures Equipment Furniture Business Assets Date Placed in Service Cost 3/15/2014 $ 15,000 2/5/2015 $ 5,000 5/1/2018 $ 7,500 3/15/2020 $ 2,500 6/28/2020 $ 1,500 11/15/2020 $ 750 12/1/2020 $ 1,500 Convention HY HY MQ 7 year 5 year 7 year 7 year 7 year 5 year 7 year

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