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1.) Assuming no bonus or 179 expense, what is Burbanks maximum cost recovery deduction for this year? 2.) What is Burbanks maximum cost recovery deduction

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1.) Assuming no bonus or 179 expense, what is Burbanks maximum cost recovery deduction for this year?

2.) What is Burbanks maximum cost recovery deduction this year assuming it elects 179 expense and claims bonus depreciation?

Burbank Corporation (calendar-year-end) acquired the following property this year: (Use MACRS Table 1, Table 2, and Exhibit 10-10.) (Round your answer to the nearest whole dollar amount.) Placed in Service Asset Basis Used copier New computer equipment Furniture New delivery truck Luxury auto Total June 6 July 15 October 28 January 31 November 12 7,800 14,000 32,000 19,000 70,000 $142,800 Burbank acquired the copier in a nontaxable transaction when the shareholder contributed the copier to the business in exchange for stock

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