McDowell Corporation (a calendar-year corporation) purchased and placed in service a $25,000 automobile on August 15, 2004,
Question:
McDowell Corporation (a calendar-year corporation) purchased and placed in service a $25,000 automobile on August 15, 2004, and a warehouse that cost $180,000
(exclusive of land cost) on November 8, 2004. No Section 179 election was made.
Compute the depreciation deductions (including the bonus depreciation) for 2004, 2005, 2006, and 2007 for the automobile and the warehouse.
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