Reference no: EM132646273

Question - For tax purposes: All assets are MACRS property as follows: Store building, 39-year nonresidential real property; equipment, seven-year property; and trucks, five-year property. The corporation acquired the store building for $1.5 million and placed it in service on January 2, 2011. The corporation acquired two pieces of equipment for $400,000 (Equipment 1) and $800,000 (Equipment 2) and placed them in service on January 2, 2011. The corporation acquired the trucks for $200,000 and placed them in service on July 18, 2012. The trucks are not listed property and are not subject to the limitation on luxury automobiles. The corporation did not make the expensing election under Sec. 179 or take bonus depreciation on any property acquired before 2014. Accumulated tax depreciation through December 31, 2013, on these properties is as follows:

Store building $113,835

Equipment 1 225,080

Equipment 2 450,160

Trucks 104,000

Required - Calculate the accumulated depreciation?