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Assume that Sivart Corporation has 2023 taxable income of $1 750 000 for purposes of computing the paragraph 179 expense and acquired several assets during

Assume that Sivart Corporation has 2023 taxable income of $1 750 000 for purposes of computing the paragraph 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 Feb 10 70 000

Delivery Truck -used August 21 93 000

Furniture April 2 310 000

Total 1 913 000

What is the maximum total depreciation (179, bonus, MACRS) that Sivart may deduct in 2023 on the assets it placed in service in 2023?


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