Paul Vote purchased the following assets this year (ignore $179 expensing and bonus depreciation when answering the questions below):
Asset Purchase Date Basis
Machinery May 12 $ 23,500
Computers August 13 20,000
Warehouse December 13 180,000
a) What is Paul's allowable MACRS depreciation expense for the property?
b) What is Paul's allowable alternative minimum tax (AMT) depreciation expense for the property? You will need to find the AMT depreciation tables to compute the depreciation.