Tampa Corporation sold the following assets in 2014: * The half-year convention was used in the year

Question:

Tampa sold the following assets in 2014:

Tampa Corporation sold the following assets in 2014:
* The half-year

* The half-year convention was used in the year of acquisition. Tampa did not elect Sec. 179 expense or bonus depreciation during the acquistion years.
a. What is the depreciation deduction for each asset in 2014?
b. Compute the gain or loss on each asset sold?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...