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Assume that Sivart Corporation has 2022 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 2022 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.)
Asset | Placed in 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 |
Problem 2-63 Part a (Static)
a. What is the maximum amount of 179 expense Sivart may deduct for
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