Question: Compute regular depreciation for the following new assets ( consider Section 179, and bonus depreciation).
(a) Business equipment purchased in February for $2,150,000 which has a salvage value of $15,000.
(b) Business car purchased in May for $42,000, which is used 100% for business and has no salvage value.
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.