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Help Save Problem 6-57 (LO 6-3) Casper used the following assets in his Schedule C trade or business in the tax year 2019. Casper is

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Help Save Problem 6-57 (LO 6-3) Casper used the following assets in his Schedule C trade or business in the tax year 2019. Casper is a new client and unfortunately does not have a copy of his prior year's tax return. He recalls that all of the assets purchased in prior years used MACRS depreciation (no 5179 expense or bonus). Casper does not wish to take 5179 or bonus depreciation (Use Table 6A and Table 6A-8) Required: Calculate the current-year depreciation allowance for Casper's business (Round your final answers to the nearest whole dollar amount.) Date Sold Business Use Cost Method 2019 Expense 05/15/2019 Asset Date Purchased Computer 1 03/12/2016 Computer 2 05/05/2016 Printer 08/25/2019 Computer 05/25/2019 Equipment 0320/2017 Auto 05/01/2019 Furniture 1 02/12/2017 Furniture 2 08/15/2017 Office building 04/01/2019 100% $ 100% s 100% $ 100% 5 100% $ 90% $ 100% $ 100% 100% 2.500 5yr MACRS 2,400 5yr MACRS 2,000 5yr MACRS 2,600 5yt MACRS 2.600 7yr MACRS 20,400 Syr MACRS 21300 7yr MACRS 3.600 7 MACRS 343 200 39 SL 08/25/2019 Half-Year Convention 3-Year 10-Year 20-Year 5-Year 7-Year 15-Year Recovery Year TABLE 6A-1 General Depreciation System: 200% or 150% Declining Balance Switching to Straight-Line 1 2 3 4 5 33.33 44.45 14.81 7.41 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 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 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 5.91 295 3.750 7.219 6.677 6.177 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 2231 education.com/Media/Connect Production/bne/cruz13e/Table6A_8.jpg TABLE 6A-8 General Depreciation System: Straight-Line; Applicable Recovery Period: 39 Years; Mid-Month Comention Month in the First Recovery Year the Property is placed in Service Recovery Year 1 2 3 4 5 6 7 8 9 10 11 12 1 2.461 2 247 2033 1819 1605 1391 1.177 963 749 535 32 107 2-39 2.564 2564 2564 2.564 2564 2564 2.564 2564 2564 2564 2564 2.564 40 0.1070321 0.53507490.963 1.177 1391 1.605 1819 2023 2024 2.461

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