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Renee Dew opened a retail grocery store during 2021. Her depreciation schedule for the business...

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Accounting

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Renee Dew opened a retail grocery store during 2021. Her depreciation schedule for the business includes the following Placed in Tax Depreciation Asset Cost Service 2020 2021 Grocery store building $344,000 11/18/2020 Value of land $122,000 11/18/2020 Furniture & shelving (removable) $38.500 11/18/2020 Used automobile (100% business) $9,000 1/14/2021 Office furniture $24,000 11/20/2020 Refrigeration equipment $40,800 11/22/2020 Note: Renee wishes to take maximum advantage of the option to expense a portion of the cost. Complete the tax depreciation schedule for Renee with columns for 2020 and 2021. When you review this, you may also wish to consulta Form 4562 for Renee's sole proprietorship

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