Problem:
Mehmet, a calandar year taxpayer, acquires 5-year tangible personal property in 2011 and does not use Sec. 179. Bonus depreciation is not available. Mehmet places the property in service on the following schedule.
- January 15 $50,000
- May 25 $100,000
- November 8 $200,000
Required:
Question: What is the total depreciation for 2011?
Note: Explain in detail.