82 on june 30 2013 temika purchased office furniture costing 259 000 and computers w 4313324

82 on june 30 2013 temika purchased office furniture costing 259 000 and computers w 4313324

82) On June 30, 2013, Temika purchased office furniture costing $259,000 and computers with a cost of $400,000. She uses Sec. 179. Her business income is $900,000 without considering Sec. 179. How should she allocate the 179 election in order to maximize her total cost recovery deductions (depreciation and Sec. 179) for 2013 (assume that bonus depreciation is not available)?

83) Mehmet, a calendar-year taxpayer, acquires 5-year tangible personal property in 2013 and does not use Sec. 179. Bonus depreciation is not available. Mehmet places the property in service on the following schedule:

Date placed in service              Acquisition Cost

January 15$50,000

May 25$100,000

November 8$200,000

What is the total depreciation for 2012?

84) Greta, a calendar-year taxpayer, acquires 5-year tangible personal property in 2013 and places the property in service on the following schedule:

Date placed in service              Acquisition Cost

January 15$ 80,000

May 25$30,000

November 8$508,000

Greta elects to expense the maximum under Section 179, and selects the property placed into service on November 8. Her business 's taxable income before section 179 is $900,000. What is the total cost recovery deduction (depreciation and Sec. 179) for 2013?

85) During the year 2013, a calendar year taxpayer, Marvelous Munchies, a chain of specialty food shops, purchased equipment as follows:

Date      Asset     Cost  

March 3Refrigerators               600,000

October 9Equipment               1,200,000

Assume the property is all 5-year property. Marvelous Munchies does not use Sec. 179, and bonus depreciation is not available. What is the maximum depreciation that may be deducted for the assets this year, 2013, assuming the alternative depreciation system is not chosen?

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