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mona owns a rental house that she has rented to various tenants since September 2001. The...

mona owns a rental house that she has rented to various tenants since September 2001. The backyard fence fell into disrepair in June 2018. She had it replaced June 27, 2018 for $8399. If only Alex to use special appreciation for the new fans, what is the amount of current depreciation excluding the amount of current to special appreciation for this asset?
a. zero dollars
b. $210
c. $315
d. $420
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Answer #1

Ans D) $420

Total Cost 8,399
Life 5 years
Depreciation per year(cost/life) =8399/5 1679.8
Add: Bonus Depreciation (50% of 1679.80) 839.9
Total Special depreciation full year 2519.7
Current Depreciation for full year 1679.8
half Year depreciation (1679/2) 839.9
Less Special dep half year(2519/2) 1259.85
Total cost depreciation 419.95
Rounded 420
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