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Reference no: EM133260591

1. Yellow company purchased the following assets on dec 1,2021 and placed them in service on the dates shown. ABC elected not to use section 179 and bonus depreciation.

Computer Equipment 3/1/2022,total installed price =250000(5year-property)

Communications Equipment 9/1/2022, total installed price=2800000(7year-property)

a. what is the maximum allowed cost recovery for 2022 for the communications equipment only?

2. Yellow company purchased the following assets on jan 1,2022 and placed them in service on the dates shown. ABC elected not to use bonus depreciation.

Computer Equipment 3/1/2022,total installed price =250000(5year-property)

Communications Equipment 9/1/2022, total installed price=2800000(7year-property)

a. What is the maximum allowed cost recovery for 2022 for the communications equipment only?

3. Yellow company purchased the following assets on Jan 1,2022 and placed them in service on the dates shown.

Computer Equipment 3/1/2022,total installed price =250000(5year-property)

Communications Equipment 9/1/2022, total installed price=2800000 (7year-property)

a. What is the maximum allowed cost recovery for 2022 for the communications equipment only?

4. Yellow company purchased the following assets on June 1,2021 and placed them in service on the dates shown.

Warehouse; 5/29/2022, total price=2000000; 500000 allocated to land.

What is the maximum allowed cost recovery for 2022 for the warehouse

5. yellow company purchased the following asset on July 2022 and placed it in service on the date shown

Apartment building 12/29/2022, total price=2000000,;500000 allocated to the land.

What is the maximum allowed cost recovery for 2022 for the apartment building?

Reference no: EM133260591

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