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While completing undergraduate school work in informatson systems, Dallin Bourne and Michael Banks decided to start a technology support company called eSys Answers. During year

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While completing undergraduate school work in informatson systems, Dallin Bourne and Michael Banks decided 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 list from a compary providing virtually the same services, started by fellow information systems students preparing to graduate. The customer ist cost $10,000, and the sale was completed on Aprli 30. During their summer break, Dallin and Michael passed on internship opportunities in an attempt to really grow their business into something they could do full time after graduation. In the summer they purchased a small van for transportation, not considered a luxury auto) and a pinball machine (to help attract new employees). They bought the van on June 15, Year 2, for $15,000 and spent $3,000 getting it ready to put into service. The pinbail machine cost $4,000 and was placed in service on July 1, Year 2 Assume that eSys Answers does not clatm any 5179 expense or bonus depreciation. (Use MACRS Iable 1, Table 2, Table 3. Table 4 and Taple 5.) Note: Round your intermedlate calculations ond final answers to the nearest whole doller omount. b. Complete eSys Answers's Form 4562 for Year 1 (use the most current form avallable). Visit the IRS website and download Form 4562. Enter the required values In the appropriate fields. Save your comp by cllcking "Browse." Next, cllck "Save

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