On February 2, 2023, Keiko purchases a personal computer. The computer cost $6,360. Keiko uses the computer 85 percent of the time in her accounting business, and the remaining 15 percent of the time for various personal uses. Calculate Keiko's maximum depreciation deduction for 2023 for the computer, assuming half-year convention and she does not use bonus depreciation or make the election to expense

To calculate Keiko's maximum depreciation deduction for the computer in 2023, we need to follow these steps: 1. Determine the business use percentage of the computer. 2. Calculate the depreciable basis of the computer. 3. Apply the half-year convention. 4. Determine the applicable depreciation method and recovery period. Here's how it works: 1. Business Use Percentage: Keiko uses the computer 85% for business, so we will apply this percentage to the cost of the computer to find the amount eligible for depreciation. 2. Depreciable Basis: Cost of the computer: $6,360 Business use percentage: 85% Depreciable basis: $6,360 * 85% = $5,406 3. Half-Year Convention: Under the half-year convention, Keiko can only claim depreciation for half a year in the first year of service, regardless of when she actually started using the computer. 4. Depreciation Method and Recovery Period: For personal property like a computer, the Modified Accelerated Cost Recovery System (MACRS) is typically used, which has a recovery period of 5 years for computers. The MACRS depreciation table tells us the percentage to use for each year of the recovery period. For the first year under the half-year convention, the table indicates a depreciation rate of 20%. So, for the first year, Keiko's depreciation deduction would be: Depreciable basis: $5,406 Year

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