How much is depreciable for each asset in year

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Question - In Year 1, Tom purchases various assets for her business as follows:

January 20 - purchases equipment for $800 with a recovery period of 7 years

February 2 - purchases equipment for $2000 with a recovery period of 5 years

July 18 - purchases equipment for $2500 with a recovery period of 7 years

September 12 - purchases equipment for $1200 with a recovery period of 7 years

January 1 - purchases a building for $400,000 with a recovery period of 39 years

December 1 - purchases equipment for $3500 with a recovery period of 5 years

Assuming all of the equipment is depreciated under Class A, how much is depreciable for each asset in Year 1?

Reference no: EM132001354

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