Assume that Sivart Corporation has sufficient taxable income for purposes of computing the $179 expense and acquired the following assets during 2019: Asset Placed in Service Cost Basis Depreciable Life Computer Equipment February 10 $70,000 5 years Commercial Building March 2 $700,000 Delivery Truck August 21 $30,000 7 years Machinery October 12 $1,440,000 5 years Total $2,240,000 Sivart wants to immediately expense the maximum allowed under $179 and then wants to elect to use 100% bonus depreciation on only the assets with a seven-year useful life (i.e., electing out of bonus for the five-year assets). Fill out the table on the next page to calculate the depreciation for each asset. Hint: Use the regular depreciation rates to determine for which asset/assets you should apply $179 expensing. Asset Regular Original Basis $179 Expense Remaining Basis 100% Bonus Depr. Remaining Basis Regular Depr. Rate 70,000 700,000 Computer Equipment Commercial Building Delivery Truck 30,000 Machinery 1,440,000