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Personalty Assets Basis Sold for Useful Life

Mar-06 Jul-16

Treatment Table 2599 400 7


Book Value 0
Profit (Loss) 400

Mobile treatment cabinet 645 100 7


Book Value 0
Profit (Loss) 200

Active/passive trainer 1785 400 7


Book Value 0
Profit (Loss) 400

Realty Assets
Building 142160 275000 39

Book Value 105704.4896

Profit (Loss) 169295.51

Jan-15 Jul-16
Traction Table 7500 4000 7

Book Value 4821.375

Profit (Loss) (821.38)


Depreciation Schedule
Cconvention Used for MACR
14.29% 24.49% 17.49%
Yr 1 2 3
HALF yr convention Dep Exp 371.3971 636.4951 454.5651
Acc. Dep 371.3971 1007.8922 1462.4573

HALF yr convention Dep Exp 92.1705 157.9605 112.8105


Acc. Dep 92.1705 250.131 362.9415

HALF yr convention Dep Exp 255.0765 437.1465 312.1965


Acc. Dep 255.0765 692.223 1004.4195

Rate 2.033% 2.564% 2.564%


Mar-06
Year 1 2 3
Mid month convention Dep Exp 2890.1128 3644.9824 3644.9824
Acc. Dep 2890.1128 6535.0952 10180.078

Depreciation Schedule
Rate 25% 21.43%
Year Jan -Dec 15 Jul-16
Mid-quarter convention Dep Exp 1875 803.625
To be depreciated for Acc. Dep 1875 2678.625
a year and a half
12.49% 8.93% 8.92% 8.93% 4.46%
4 5 6 7 8 9 10
324.6151 232.0907 231.8308 232.0907 115.9154
1787.0724 2019.1631 2250.9939 2483.0846 2599

80.5605 57.5985 57.534 57.5985 28.767


443.502 501.1005 558.6345 616.233 645

222.9465 159.4005 159.222 159.4005 79.611


1227.366 1386.7665 1545.9885 1705.389 1785

2.564% 2.564% 2.564% 2.564% 2.564% 2.564% 2.564%

4 5 6 7 8 9 10
3644.9824 3644.9824 3644.9824 3644.9824 3644.9824 3644.9824 3644.9824
13825.06 17470.042 21115.025 24760.007 28404.99 32049.972 35694.954
11

0.535%
Jul-16
11
760.556
36455.51
Asset Ledger

Description Nos. Acquisition Cost Effective Basis

Multi Stack Gym 1 8900 8900


Treadmill 1 5399 5399
Treatment Tables 3 3075 9225
Mobile Trtmnt Cabinet 4 875 3500
Active Trac Transaction Table 1 20000 20000
Actiev/passive trainer 1 2755 2755
Laptop/printer 1 4000 4000
Building 1 250000 250000

Depreciation expense for this year for newly 14.290%


acquired equipments will be

Depreciation expense for this year for newly 1.391%


acquired building space will be
Acqsition Date Convention Life(years) Depreciation Expense

Jul-16 Half year 7 1271.81


Jul-16 Half year 7 771.5171
Jul-16 Half year 7 1318.2525
Jul-16 Half year 7 500.15
Jul-16 Half year 7 2858
Jul-16 Half year 7 393.6895
Jul-16 Half year 7 571.6
Jul-16 Mid-month 39 3477.5
-->(for year 1)
SOURCE 1 https://www.irs.gov/publications/p946/ch04.html#en_US_2016_publink10001075

2 https://www.irs.gov/publications/p946/ar02.html#en_US_2016_publink10002708
S_2016_publink1000107524

_2016_publink1000270861

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