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( 4 points ) Green Bank Corporation follows a calendar year tax period. During its 2 0 2 3 tax year, the business purchased the

(4 points) Green Bank Corporation follows a calendar year tax period. During its 2023 tax year, the business purchased the following assets:
A desk and chair for each employee: purchased on March 15, totaling $275,000
Desktop computers for each employee: purchased on April 3, totaling $200,000
All of the above property is brand new and has been used entirely for business purposes since its purchase (i.e. does not constitute listed property that has mixed personal and business use).
Assume that the taxpayer desires the maximum total depreciation expense for the year possible. However, now assume that the taxpayer claimed no Sec. 179 expense in 2023.
How much bonus depreciation will the taxpayer claim in 2023? What is the remaining basis for each of the categories above left after applying bonus depreciation?
$0 bonus depreciation. Remaining basis for desks and chairs =$275,000 and remaining basis for computers =$200,000.
II. $237,500 bonus depreciation. Remaining basis for desks and chairs =$137,500 and remaining basis for computers =$100,000.
III. $380,000 bonus depreciation. Remaining basis for desks and chairs =$55,000 and remaining basis for computers =$40,000.
IV. None of the answers given here.
V. $220,000 bonus depreciation. Remaining basis for desks and chairs =$55,000 and remaining basis for computers =$200,000.
VI. $160,000 bonus depreciation. Remaining basis for desks and chairs =$275,000 and remaining basis for computers =$40,000
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