Chapter 8 Depreciation & Sale of Property Comprehensive Problems eBook Question Content Area Trish’s bookkeeper has provided the following book-basis fixed asset rollforward: Himple Retail Fixed Asset Rollforward 12/31/2023 (book basis) DEPR COST 2021 2022 2023 ACCUM NET BOOK ASSET IN SERVICE CONV LIFE BASIS DEPR DEPR DEPR DEPR VALUE CASH REGISTER 8/15/2021 HY 5 10,000.00 833.33 2,000.00 2,000.00 4,833.33 5,166.67 2021 TOTAL ADDITIONS 10,000.00 833.33 2,000.00 2,000.00 4,833.33 5,166.67 RETAIL FIXTURES 6/21/2022 MQ 7 5,500.00 458.33 785.71 1,244.04 4,255.96 FURNITURE 10/12/2022 MQ 7 4,100.00 146.43 585.71 732.14 3,367.86 2022 TOTAL ADDITIONS 9,600.00 - 604.76 1,371.42 1,976.18 7,623.82 TOTAL 19,600.00 833.33 2,604.76 3,371.42 6,809.51 12,790.49 DELIVERY TRUCK 6/1/2023 HY 5 38,000.00 4,433.33 4,433.33 33,566.67 DESK AND CABINETRY 6/1/2023 HY 7 12,000.00 1,000.00 1,000.00 11,000.00 COMPUTER 6/1/2023 HY 5 3,000.00 350.00 350.00 2,650.00 2023 TOTAL ADDITIONS 53,000.00 - - 5,783.33 5,783.33 47,216.67 TOTAL 72,600.00 833.33 2,604.76 9,154.75 12,592.84 60,007.16 Complete the table below showing the tax depreciation, by year. Round your interim calculations to the whole dollar and then use in subsequent calculations. 2021 2022 2023 ACCUM NET TAX DEPR DEPR DEPR DEPR BASIS TOTAL $fill in the blank 5cf868006fe5f99_1 2,000 $fill in the blank 5cf868006fe5f99_2 2,605 $fill in the blank 5cf868006fe5f99_3 9,155 $fill in the blank 5cf868006fe5f99_4 12,593 $fill in the blank 5cf868006fe5f99_5 60,007 Feedback Area Feedback Partially correct Feedback Area Feedback Partially correct Check My Work Next

To complete the table with tax depreciation, we need to calculate the tax depreciation for each year based on the information provided. The tax depreciation may differ from book depreciation due to different methods or conventions used for tax purposes. However, since the problem doesn't specify any tax-specific methods, we'll assume the book depreciation matches the tax depreciation for simplicity. Here's how you can fill in the blanks: 1. **2021 Tax Depreciation**: The only asset in service in 2021 is the cash register. The book depreciation for 2021 is $833.33, which we will round to the nearest dollar for tax purposes. Therefore, the 2021 tax depreciation is $833. 2. **2022 Tax Depreciation**: The total book depreciation for 2022 is $2,604.76, which we will round to $2,605 for tax purposes. 3. **2023 Tax Depreciation**: The total book depreciation for 2023 is $9,154.75, which we will round to $9,155 for tax purposes. 4. **Accumulated Tax Depreciation**: This is the sum of the tax depreciation for all years. So, $833 (2021) + $2,605 (2022) + $9,155 (2023) = $12,593. 5. **Net Tax Basis**: This is the original cost of all assets minus the accumulated tax depreciation. The total cost is $

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