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MACRS Depreciation (Don't include listed property . See instructions . ) Section A 17 MACRS deductions for assets placed in service in tax years...

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How to do depreciation? I'm very confused. If could provide one exam on how to put the stuff in right place, I can do the rest. Please and thank you!

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BELL!! MACRS Depreciation (Don't include listed property . See instructions . )
Section A
17 MACRS deductions for assets placed in service in tax years beginning before 2018 .
17
18 If you are electing to group any assets placed in service during the tax year into one or more general
asset accounts , check here
Section B - Assets Placed in Service During 2018 Tax Year Using the General Depreciation System
( a) Classification of property.
(6 ) Month and year
( c) Basis for depreciation
placed in
business / investment use
( d) Recovery
period
( @ ) Convention
( 7 ) Method
( 9) Depreciation deduction*
service
only - see instructions )
19 2 3 - year property
6 5 - year property
C 7 - year property
$ 10 - year property
@ 15 - year property
$ 20 - year property
9 25 - year property
25 yrs .
SIL
h Residential rental
27.5 yrs .
SIL
WW
property
27.5 yrs .
MM
SIL
SIL
WW
i Nonresidential real
39 yrs .
property
MM
SIL
Section C - Assets Placed in Service During 2018 Tax Year Using the Alternative Depreciation System
20 a Class life
SIL
6 12 - year
12 yrs
SIL
C 30 - year
30 yrs
MM
SIL
WW
d 40 - year
40 yrs .
SIL

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V. Assets Acquired in 2017 (This section may be helpful to fill out by hand first)
Wolf P. purchased the following assets, all placed in service on 01/01 /2017. Wolf P, Inc. has
elected out of Bonus Depreciation. Asset Cost New Kitchen Equipment $350,000 Furniture $35,000 Computers and software $12,000 Food Truck (not luxury) $24,000 VI. Assets Acquired in 2018 (l' his section may be helpful to fill out by hand first) Wolf P. purchased the following assets, all placed in service on 6/30/2018. TRPP, Inc. has elected
out of Bonus Depreciation.
Asset Cost New Dishwasher $45,000
2018 Lexus. $100,000

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