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Assume that Sivart Corporation has 2021 taxable income of $1,750,000 for purposes of computing the 179 expense and acquired several assets during the year. Assume

Assume that Sivart Corporation has 2021 taxable income of $1,750,000 for purposes of computing the 179 expense and acquired several assets during the year. Assume the delivery truck does not qualify for bonus depreciation. (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 Truckused 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 2021 on the assets it placed in service in 2021?

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