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Dana forms a small manufacturing company. Her company places the following ng properties into service during the year, on the dates indicated:
4. Dana forms a small manufacturing company. Her company places the following ng properties into service during the year, on the dates indicated:
Type of property Date placed in service Cost_____
Business building April 6 $275,000
Furniture June 5 $57,000
Machinery September 2 $65,000
Computer December 27 $25,000
She chooses not to do any Section 179 expense, and also elects not to take bonus depreciation. She uses MACRS depreciation. Calculate the first year depreciation on the building, and also on the machinery:
