During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,613,000. Calculate the maximum depreciation deduction during the current year.   TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line—39 Years (for assets placed in service on or after May 13, 1993) Month Property Placed in Service   Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Year 1    2.461%    2.247%    2.033%    1.819%    1.605%    1.391%    1.177%    0.963%    0.749%    0.535%    0.321%    0.107% Year 2–39 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 Year 40 0.107 0.321 0.535 0.749 0.963 1.177 1.391 1.605 1.819 2.033 2.247 2.461

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
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Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
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During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,613,000. Calculate the maximum depreciation deduction during the current year.

 

TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line—39 Years (for assets placed in service on or after May 13, 1993)

Month Property Placed in Service
  Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Year 1    2.461%    2.247%    2.033%    1.819%    1.605%    1.391%    1.177%    0.963%    0.749%    0.535%    0.321%    0.107%
Year 2–39 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564
Year 40 0.107 0.321 0.535 0.749 0.963 1.177 1.391 1.605 1.819 2.033 2.247 2.461
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