Go to the IRS Web site at www.irs.gov and locate Publication 946: How to Depreciate Property. Locate the depreciation tables at the end of the publication and calculate the regular first-year depreciation for the following assets, all placed in service in the third month of the year:

a. Sidewalks costing $6,000

b. Dairy milking barn costing $120,000

c. Tugboat costing $85,000 AppendixLO1