Calculate the depreciation for a five year asset costing

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Questions -

Q1. Calculate the 2021 depreciation for a 5 year asset costing $390,000 put in service on 9/21/2021. Show your calculation and answer below (for example 10,000 X 20% = 2,000).

Q2. Calculate the 2021 depreciation for a 5 year asset costing $510,000 put in service on 6/6/2020. Show your calculation and answer below (for example 10,000 X 20% = 2,000).

Q3. Calculate the 2021 depreciation for a 7 year asset costing $290,000 put in service on 7/20/2021. Show your calculation and answer below (for example 10,000 X 20% = 2,000).

Q4. Calculate the 2021 depreciation for a 7 year asset costing $190,000 put in service on 3/13/2018. Show your calculation and answer below (for example 10,000 X 20% = 2,000).

Q5. Calculate the 2021 depreciation for residential rental real property costing $12,000,000 put in service on 5/11/2021. Show your calculation and answer below (for example 10,000 X 20% = 2,000).

Q6. Calculate the 2021 depreciation for residential rental real property costing $16,000,000 put in service on 4/26/2016. Show your calculation and answer below (for example 10,000 X 20% = 2,000).

Q7. Calculate the 2021 depreciation for nonresidential real property costing $20,000,000 put in service on 2/16/1993. Show your calculation and answer below (for example 10,000 X 20% = 2,000).

Q8. Calculate the 2021 depreciation for nonresidential real property costing $24,000,000 put in service on 8/8/2021. Show your calculation and answer below (for example 10,000 X 20% = 2,000).

Reference no: EM133145560

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