A hotel purchased a new office desk on April 15, 2018 and new executive style chairs for the office on August 5, 2018. The office desk cost $950, and the chairs cost $1,900. Determine the total depreciation amount for 2020 assuming the taxpayer opted out of Sec. 179 and bonus (if available) in the year of purchase. In addition, assume all taxpayers use a calendar year tax period and that the property mentioned was the only property purchased in the year of acquisition. Use the appropriate depreciation table from your note sheet'textbook where necessary. Page 4 01. $547 O II. $407 OIIL $498 ON. $478 OV. None of the answers given here. Moving to another question will save this response.
