270 89396 8.92% 8.93% 4.46% 5.76% 8 10 12 13 14 15 Below are four asset purchases made in 2012: Asset Office Table Office Desk File Cabinet Computer Cost $1,000 1,500 2,000 6,000 Date January 1, 2012 September 29, 2012 October 15, 2012 December 31, 2012 What is the maximum 2012 Section 179 deduction for these purchases? a. $10,500 $2,500 c. $8,000 d. $0 On May 11, 2012, your calendar year firm pays $6,000 for a used computer server, its only asset purchase for the year, and estimates that the server will have a salvage value of $500. If no Section 179 deduction is taken, what is your firm's maximum 2012 deduction for depreciation? a. $2,000 b. $1,200 c. $1,100 d. $869 13