Raul purchased a new office computer system on February 15, 2015, at a cont of $

Question

Raul purchased a new office computer system on February 15, 2015, at a cont of $8,300. He would like to use the Depreciation System (GDS) straight-line method to depreciate the system and does not want to claim Using the half-year convention, compute his 2015 and 2016 depreciation borus depreciation. O His 2015 depreciation is $1.660, and his 2016 deprecuton is $2.650 O His 2015 depreciation is $1,453, and his 2016 depreciation is $1.800 O His 2015 depreciation is S830, and his 2016 depreciation is $1,000. O His 2015 depreciation is $691, and his 2016 depreciation is $1,384 Mark for follow up

Explanation / Answer

computer systems falls under 5 year recovery period and for GDS sl method half year convention recovery rates for year 1 is 10% and for Year 2 is 20%.

and depreciation accordingly will for

year 1= 8300*10%= 830

year 2= 8300*20%= 1660

third option is correct

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