| Asset | Depreciable basis | placed in service | service life |
| furniture | $88,000 | 1/15/x0 | 3 years |
| computer equipment | 22,600 | 6/30/x1 | 5 years |
| office machinery | 68,000 | 11/1/x3 | 7 years |
| manufacturing equipment | 108,000 | 2/15/x2 | 10 years |
| year ending | 12/31/x3 | | |
use the MACRS Table
a. Calculate current year depreciation expense on thefurniture:
b. Calculate current year depreciation expense on thecomputer:
c. Calculate current year depreciation expense on the officemachine:
d. Assume the office machinery remains in service throughout thenext two calendar years. Calculate depreciation for 20X4.
e. Calculate the basis (net tax value) of the office machineryat the end of year three assuming it remains in service until thatdate:
f. Calculate current year depreciation expense on the mfg.equipment:
