Assuming the same facts in question DEP 1, assume that Turtle also purchased the following personal property items in 2020: 7 year class assets of $300,000 in May 2020 and 5 year class assets of $400,000 in November 2020. Assuming that Pelican elects not to take any Section 179 nor any bonus depreciation in 2020 what is the allowable depreciation on the 5 year class assets and 7 year class assets in 2020

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account