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Tax depreciation for 2020 DESCRIPTION OF PROPERTY DATE ACQUIRED & PLACED IN SERVICE COST OR OTHER BASIS BOOK DEP. METHOD USEFUL LIFE (BOOK) SALVAGE VALUE
Tax depreciation for 2020
DESCRIPTION OF PROPERTY | DATE ACQUIRED & PLACED IN SERVICE | COST OR OTHER BASIS | BOOK DEP. METHOD | USEFUL LIFE (BOOK) | SALVAGE VALUE (BOOK) | BOOK DEP. FOR 2020 | WAS BONUS DEPRECIATION USED FOR THIS ASSET? | TAX DEP. METHOD | TAX DEP. CONVENTION | RECOVERY PERIOD (TAX) | TAX DEP. FOR 2020 |
Computer Equipment | 1/1/18 | $25,000 | SL | 5 | $0 | ($5,000) | NO | MACRS GDS | HY | 5 | |
Furniture | 12/1/19 | $35,000 | SL | 7 | $0 | ($5,000) | NO | MACRS GDS | MQ | 7 | |
Warehouse Equipment | 12/1/20 | $100,000 | SL | 7 | $0 | ($1,190) | YES | MACRS GDS | N/A | 7 | |
($11,190) | $0 |
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