What pauls allowable macrs depreciation expense for property

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Reference no: EM13906428

Paul Vote purchased the following assets this year (ignore $179 expensing and bonus depreciation when answering the questions below):

Asset Purchase Date Basis

Machinery May 12 $ 23,500

Computers August 13 20,000

Warehouse December 13 180,000

a) What is Paul's allowable MACRS depreciation expense for the property?

b) What is Paul's allowable alternative minimum tax (AMT) depreciation expense for the property? You will need to find the AMT depreciation tables to compute the depreciation.

Reference no: EM13906428

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