Mark for follow up Question 3 of 20. Using the half-year convention, compute the

Question

Mark for follow up Question 3 of 20. Using the half-year convention, compute the MACRS depreciation deduction for the third year of a fax machine costing $500. The machine was used exclusively for business and no bonus depreciation was claimed. O $58 O $71 O $87 O $96 Mark for follow up Question 4 of 20. Billie purchased and installed a new safe in her qualified in-home office on June 1, 2015. She paid $4,250 for the safe. She chooses to use the Alternative Straight-Line method of depreciation and does not want to claim bonus depreciation. Using the half-year convention, compute her 2015 depreciation. O $213 O $303 o $425 $607 Mark for follow up

Explanation / Answer

Question 3 of 20

Answer =$71

(500/7)= 71

Question 4 of 20

Answer =$607

($4,250/7/2*2)

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