Bonus depreciation and depreciation deduction


On 2/1/2012, Samantha bought a used machine (7-year propert). She placed it into service in her Schedule C business on 2/15/2012. Samantha paid $22,000 for it. This machine is the sole depreciable asset she placed in service in 2012. Assume that both Section 179 expense election depreciation and 50% bonus depreciation do not apply. Compute Samantha's depreciation deduction in 2012 & depreciation deduction in 2013 (yr 2)

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Accounting Basics: Bonus depreciation and depreciation deduction
Reference No:- TGS044497

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