Answer:
Step-by-step explanation:
a
Answer:
879.6
Step-by-step explanation:
I had a similar question that I solved which helped me here.
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Only the building is
depreciable
so the depreciable
portion is $753,000
less <span>$134,000 </span>land, for a net of $619,000
The MACRS rules (Modified Accelerated Cost Recovery
System ) provide a 39-year life, straight-line depreciation, and a "mid-month" acquisition convention
that treats the property as acquired in the middle of the month, regardless of the actual date of acquisition.
Therefore, the August 1,
Year 2016, service date provides a half-month's depreciation for August, plus a
full month for September through December, for a total of 4.5
months for Year 2016. $619,000 /39 years) × (4.5/12) = $5,952.