Question

In April 2019, you purchased a home that you plan to rent out. The purchase price was $1,000,000, of which $800,000 is attributable to the building and the remainder to the land.. Use IRS Publication 946 (https://www.irs.gov/pub/irs-pdf/p946.pdf) to find the depreciation schedule, and please fill in this spreadsheet for all the depreciable years. At the end, show the totals to indicate that you have depreciated 100 percent of the property’s cost. Hint: See MC Property question 9

Depreciation 1 due 0117, 3 points
Purchase Price	$                          800,000
Annual Depreciation	Depreciation percentage	Annual depreciation
2019	2.576%	$                      20,608
2020
fill in below

Answer 1

Green Purchase Price = $800000 Annud-deprecation Depreciation Perenthe Annuel Balence depnolitic. Renunting 2019 2.5767. $ 20,608 4779,392 3.6367 $ 29,088 $750 304 3.637. $ 29096 $721208 3.636% $29.088 $692120 2023 3.637r. $29,096 $663,024 2024 $29.088 $ 633,936 2025 3.6377 $29,096 $6048AO. 3.6367 $29,088 $575, 752 2027 3.6372 $29,096 $546, 656 2018 3.636% $29,088 $517,568 2029 3.637% $29,096 $ 488A 72 2030 3.636% $29,088 & 459,384 2031 3.637%. $29,096 $430, 288 2032 3.636%. $ 29.088 $401, 200 2033 3.637. $29.096 $3772104 2034 3.636% $29,088 $303,016 3.63+4 $ 29,096 $313,920 2035 3.636. $29.088 $284332 2037 3.637% $29,096 $285, 736 3.636. $29,088 $ 226,648 to

Annuel depruahn Annuel depreciatin depr charge Annuel Balancing, lepneichem Remorching 2039 3.636%,$ 29,088 $ 197,560 20 A0 3.636%. $29,088 $ 168,472 20 A1 3.636r. $29,088 $139,384 20 A2 3.636%. $29,088' $110,296 20 A3 6361. $29,088 $81,208 $52,120 2044 3.636%. $29,088 204S 3.636% $29,088 $23082 go Ab 2.8791. $23,032 $0 - depiciation' Total - $800,00 100% of purchase puce depoelated property تر