10 Required information Part 5 of 5 The following information applies to the que
ID: 2513306 • Letter: 1
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10 Required information Part 5 of 5 The following information applies to the questions displayed below] On November 10 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,200,000; $300,000 was allocated to the basis of the land and the remaining $900,000 was allocated to the basis of the building. (Use MACRS Table 1. Table 2. Table 3, Table 4 and Table 5.) (Do not round Intermediate calculations. Round your answer to the nearest whole 0.3 points dollar amount.) ? e. What would be the depreciation for 2017, 2018, and 2019 if the property were nonresidential property purchased and placed in service November 10, 2000 (assume the same original basis)? Answer is complete but not entirely correct. 2017 2018 23,760 2019 28,575 Prev10 of 26 Next >Explanation / Answer
Depreciation Expense for the year 2017 = $23,076
Depreciation Expense for the year 2018 = $23,076
Depreciation Expense for the year 2019 = $23,076
Year
Method
Recovery Period
Date Placed in Service
Original Basis
Rate
Depreciation
2017
SL
39 Years
Nov 10, 2000
$9,00,000
2.564%
$23,076
2018
SL
39 Years
Nov 10, 2000
$9,00,000
2.564%
$23,076
2019
SL
39 Years
Nov 10, 2000
$9,00,000
2.564%
$23,076
Year
Method
Recovery Period
Date Placed in Service
Original Basis
Rate
Depreciation
2017
SL
39 Years
Nov 10, 2000
$9,00,000
2.564%
$23,076
2018
SL
39 Years
Nov 10, 2000
$9,00,000
2.564%
$23,076
2019
SL
39 Years
Nov 10, 2000
$9,00,000
2.564%
$23,076
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