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total depreciation- A hotel purchased a new office desk on April 15,2018 and new executive style chairs for the office ln August 5,2018. rhe office
total depreciation- A hotel purchased a new office desk on April 15,2018 and new executive style chairs for the office ln August 5,2018. rhe office desk cost $950, and the chairs coat $1900. determine the total depreciation amount for 2020 assuming the taxpayer opted out of Sec. 179 and bouns (if available) in the year of purchase. in addition, assume all taxpayers use a calendar year tax period and that the property mentioned was the only property purchased in the year of acquisition. 1. $407 2. $547 3. $498 4. $478
determine the total depreciation amount for 2020 assuming the taxpayer opted out of Sec. 179 and bouns (if available) in the year of purchase. in addition, assume all taxpayers use a calendar year tax period and that the property mentioned was the only property purchased in the year of acquisition.
1. $407
2. $547
3. $498
4. $478
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