What are the maximum cost recovery deductions for eSys Answers for Year 1 and Year 2 ? TABLE 4 Nonresidential Real Property Mid-Mouth Convention Straight Line-31.5 Years (for assets placed in service hefore May 13, 1993) TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (fer assets placed in service en or affer May 13, 1993) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{ Month Property Placed in Service } \\ \hline & Month 1 & Month 2 & Moath 3 & Mosth 4 & Month 5 & Monith 6 & Moush ? & Moeth 8 & Menthy & Sunta to & Manas II & Sloech is: \\ \hline Year 1 & 2.461% & 2247% & 2.033% & & 1.005% & 13915 & 1.177 & 0.9615 & 0.7+61 & & 63215 & o.wn \\ \hline Year 2-39 & 2.564 & 2564 & 2564 & 2564 & 2564 & 2564 & 2564 & 2564 & 2564 & 2504 & 25se & ISe4 \\ \hline Year 40 & 0.107 & 0.321 & 0.535 & 0.749 & 0.963 & 1.17 & 1391 & 1605 & 1319 & & 2201 & 2 2n! \\ \hline \end{tabular} TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years What is eSys Answers' basis in each of its assets at the end of Year 2? TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter TABLE 2c MACRS Mid-Quarter Convention: For propery placed in service during the thind dearier Required information [The following information applles to the questions displayed below] While completing undergraduate schoolwork in information systems, Dalin Boume and Michael Banks docided to start a technology support company called eSys Answers. During year 1, they bought the following assets and incurred the following start-up fees: In April of year 2, they decided to purchase a customer ilist from a company proviang virtualily the same services, started by fellow information systems students preparing to graduate. The customer list cost $10,180, and the sale was completed on Aprit 30 During their summer break, Daltin and Michaet passed on internship opportunities in an attempt to roaly grow theif business into something they could do full time offer gradustion. In the summer, they purchased a small van (for transportation, not considered a luxury outo) and o pinbali machine (to help attract new employees). They bought the van on June 15 , Yoor 2 , for $16,000 and spent $3,100 getting it ready to put into service. The pinball machine cost $4,100 and was blaced in service on July 1 , Year 2. Tobie 4 and toble 5 ) Noter Bound your intermediate calculations and final answers to the nearest whole doltar amount. TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Table 1 MACRS Half-Year Convention What are the maximum cost recovery deductions for eSys Answers for Year 1 and Year 2 ? TABLE 4 Nonresidential Real Property Mid-Mouth Convention Straight Line-31.5 Years (for assets placed in service hefore May 13, 1993) TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (fer assets placed in service en or affer May 13, 1993) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{ Month Property Placed in Service } \\ \hline & Month 1 & Month 2 & Moath 3 & Mosth 4 & Month 5 & Monith 6 & Moush ? & Moeth 8 & Menthy & Sunta to & Manas II & Sloech is: \\ \hline Year 1 & 2.461% & 2247% & 2.033% & & 1.005% & 13915 & 1.177 & 0.9615 & 0.7+61 & & 63215 & o.wn \\ \hline Year 2-39 & 2.564 & 2564 & 2564 & 2564 & 2564 & 2564 & 2564 & 2564 & 2564 & 2504 & 25se & ISe4 \\ \hline Year 40 & 0.107 & 0.321 & 0.535 & 0.749 & 0.963 & 1.17 & 1391 & 1605 & 1319 & & 2201 & 2 2n! \\ \hline \end{tabular} TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years What is eSys Answers' basis in each of its assets at the end of Year 2? TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter TABLE 2c MACRS Mid-Quarter Convention: For propery placed in service during the thind dearier Required information [The following information applles to the questions displayed below] While completing undergraduate schoolwork in information systems, Dalin Boume and Michael Banks docided to start a technology support company called eSys Answers. During year 1, they bought the following assets and incurred the following start-up fees: In April of year 2, they decided to purchase a customer ilist from a company proviang virtualily the same services, started by fellow information systems students preparing to graduate. The customer list cost $10,180, and the sale was completed on Aprit 30 During their summer break, Daltin and Michaet passed on internship opportunities in an attempt to roaly grow theif business into something they could do full time offer gradustion. In the summer, they purchased a small van (for transportation, not considered a luxury outo) and o pinbali machine (to help attract new employees). They bought the van on June 15 , Yoor 2 , for $16,000 and spent $3,100 getting it ready to put into service. The pinball machine cost $4,100 and was blaced in service on July 1 , Year 2. Tobie 4 and toble 5 ) Noter Bound your intermediate calculations and final answers to the nearest whole doltar amount. TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Table 1 MACRS Half-Year Convention