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Assume that Sivart Corporation has 2018 taxable income of $1,750,000 for purposes of computing the 179 expense and acquired several assets during the year. The

Assume that Sivart Corporation has 2018 taxable income of $1,750,000 for purposes of computing the 179 expense and acquired several assets during the year. The delivery truck was acquired in a nontaxable transaction. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

Placed in
Asset Service Basis
Machinery June 12 $ 1,440,000
Computer equipment February 10 70,000
Delivery Truck-used August 21 93,000
Furniture April 2 310,000
Total $ 1,913,000

b. What is the maximum total depreciation (179, bonus, MACRS) that Sivart may deduct in 2018 on the assets it placed in service in 2018?

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