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What needs to be done is the numbers in the yellow area Schedule: Property, plant and equipment Date: December 31, 2019 2016 2017 2018 MACRS
What needs to be done is the numbers in the yellow area
Schedule: Property, plant and equipment Date: December 31, 2019 2016 2017 2018 MACRS MACRS MACRS 2019 deductions Section 179 Bonus Adjusted basis MACRS Property Computer Equipment #1 Furniture Security System Computer Equipment #2 Acquisition Date 2/1/16 3/1/16 5/1/16 4/1/19 Tax depreciation Cost Method Class 2,900 MACRS 200% DB 5 1,500 MACRS 200% DB 7 4,900 MACRS 200% DB 7 4,600 MACRS 200% DB 5 Additional notes: [1] No Section 179 election or bonus depreciation on assets purchased before 2019 [2] Maximize deduction for 2019 asset addition. [3] Computer Equipment #1 was sold on November 1, 2019 [4] Assets are placed in service on the acquisition date. Schedule: Property, plant and equipment Date: December 31, 2019 2016 2017 2018 MACRS MACRS MACRS 2019 deductions Section 179 Bonus Adjusted basis MACRS Property Computer Equipment #1 Furniture Security System Computer Equipment #2 Acquisition Date 2/1/16 3/1/16 5/1/16 4/1/19 Tax depreciation Cost Method Class 2,900 MACRS 200% DB 5 1,500 MACRS 200% DB 7 4,900 MACRS 200% DB 7 4,600 MACRS 200% DB 5 Additional notes: [1] No Section 179 election or bonus depreciation on assets purchased before 2019 [2] Maximize deduction for 2019 asset addition. [3] Computer Equipment #1 was sold on November 1, 2019 [4] Assets are placed in service on the acquisition date
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