By signing my name below, I affirm that I have not accepted or discussed and will not provide ordiscuss information about the contents of this assignment from, to, or with another student. Print Your Name Clearly:_______________________ Signature: _______________________Print Your Section Number (e.g. T/TH 9 am or Sec. 006): ______________________________Assignment 6 (Chapter 10) ACCT 351/551In this assignment, assume that the Sec. 179 and bonus depreciation tax apply to the 2016 tax year where applicable.1.For a-d, determine the total depreciation amount for 2016 assuming the taxpayer opted out of Sec. 179 and bonus if they were 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.(20 points total, 5 points each)TotaldepreciationaA bank purchased a new building for its headquarters, totaling $2 million on April 1, 2013.bA dentist purchased 10 new chairs and a couch for it waiting room, which cost $3,000 on October 15, 2016.cA restaurant purchased booths and chairs totaling $15,000 on November 1, 2016 and kitchen equipment costing $4,000 on June 15, 2016.dA telemarketing company purchased a separate computer, office chair, and desk for each of its new staff on January 15, 2015. The total costs for the computers, office chairs, and desks was $30,000, $3,000, and $8,000, respectively.Details at purchaseANSWERS:a. $51,280($2M x 2.564%. Non-residential real table with month 4 column, year 4)b. $107.10($3,000 x 3.57%. Mid-quarter convention (Q4), 7 year asset column, year 1)c. $1,249.50($15,000 (furniture, 7 yr, Q4) x 3.57% and $4,000 (equipment, 7 yr, Q2) x 17.85%.