[rminrx8]

NINJA Question –

THE SIM ASKS FOR FILLING OUT THE PROPERTY DEPRECIABLE BASIS AND THEN TO FIGURE OUT THE DEPRECIATION EXPENSE (EASY STUFF) SINCE THE PROBLEM PROVIDED THE TABLE ALONG WITH THE %s

THE PROBLEM STATED THAT THE PARTNERSHIP STARTED ON 9/1 AND PROPERTY CONTRIBUTIONS WERE FOR
OFFICE FURNITURE – 30K
COMPUTERS – 12K

HERE IS MY PROBLEM — I WAS ABLE TO FIGURE EVERYTHING OUT BUT FOR DEPRECIATION EXPENSE I USED ONLY 4 MONTHS NOT THE WHOLE YEAR….SOLUTION SAYS THE RIGHT ANSWER IS THE WHOLE YEAR DEPRECIATION EXPENSE???

NOW IM CONFUSED… ANY IDEA WHY? I THOUGHT DEPRECIATION EXPENSE STARTS WHEN THE PROPERTY IS PUT INTO SERVICE (problem states 9/1)

THANKS!!