15.

Assets were purchased for a total of $1,700,000 and allocated as seen below. All were acquired on October 15th, 2019.

Asset	Depreciable LIfe (years)	Price Alloc.
Factory Equipment	7	245,000
Furniture	7	95,000
Computers	?	160,000
Warehouse	?	680,000
Customer List	?	100,000
Non-Compete Agreement	?	150,000
Goodwill	?	270,000
Total	-	$1,700,000

1. What is the maximum depreciation deduction in 2019 if he opts out of bonus depreciation and takes 179 expense only on the factory equipment and computers?

2. What is the maximum 2019 depreciation deduction if he forgoes the 179 expense but takes maximum bonus depreciation on anything he can?

3. What is his total 2019 depreciation deduction and amortization deductions (assume depreciation from req. two)?

4. Let's say the customer list was an automobile. Recalculate depreciation from 2.

5. If a buyer wanted to purchase the customer list on August 20, 2020, what would be the basis for the sale?