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Calculate depreciation expenses for 2019 and 2020 as shown below: Date Placed in Service Cost Revised basis (Cost - Bonus depreciation) Bonus depreciation (50% of actual cost) $ 65,000 Type of property Machine $ 130,000 03-Mar-18 $ 65,000 Equipment $ 110,000 08-Jun-18 $ 55,000 $ 55,000 Furniture $ 48,000 15-Aug-18 $ 24,000 $ 24,000 Office building $ 200,000 04-Oct-18 $ 100,000 $ 100,000 Revised basis (Cost - MACRS Bonus Rates Type of depreciation) (Year 1) property (a) Machine $ 65,000 14.29% Depreciation 2019 (MACRS Rates + Revised Basis) (c= axb) S 9,288.5 MACRS Rates (Year 2) (d) Depreciation 2020 (MACRS Rates + Revised Basis) (e=axd) 24.49% $ 9,288.50 Equipment $ 55,000 14.29% $ 7,859.5 24.49% $ 13,469.50 Furniture $ 24,000 14.29% $ 3,429.60 24.49% $ 5,877.60 Office building $ 100,000 14.29% $ 14,290 24.49% $24,490
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