Complete the related Fixed Asset Schedule for Magaliscious D’s. Use Section 179 and bonus depreciation to depreciate the assets for 2019-2020. You will need to think of your client’s future needs (explained above) and help her make decisions that will serve her well now and in the future. If you need information past that available in you in your text, the IRS has a publication covering depreciation of assets that may be useful.

Complete the related Fixed Asset Schedule for Magaliscious D’s. Use Section 179 and bonus depreciation to depreciate the assets for 2019-2020. You will need to think of your client’s future needs (explained above) and help her make decisions that will serve her well now and in the future. If you need information past that available in you in your text, the IRS has a publication covering depreciation of assets that may be useful.

Columns 3-7 have dropdown boxes, much like a depreciation schedule you would see in traditional tax software. Please use the drop down boxes. (In other words, do not type over them.)

I would recommend using formulas in excel to calculate the depreciation on your assets. You can search values online for table MACRS Half-Year Convention, MACRS Mid-Quarter Convention, Residential Rental Property Mid-Month Convention Straight Line—27.5 Years, Nonresidential Real Property Mid-Month Convention Straight Line—31.5 Years (for assets placed in service before May 13, 1993) .