At the beginning of its 2019 tax year, Hiram owned the following business assets: Date Placed in Service 6/19/17 5/2/16 9/30/16 Initial Cost $46,250 9,000 80,500 Accumulated Recovery Depreciation Period Depreciation $17,936 Convention 7-year Half-year Halfyear 5-ar 5-year Halfyear Furniture Equipment Machinery 63,368 57,316 On July 8, Hiram sold its equipment. On August 18, it purchased and placed in service new tools costing $612,000; these tools are three-year recovery property. These were Hiram's only capital transactions for the year. Compute Hiram's maximum cost recovery deduction for 2019. In ma king your computation, assume that taxable income before depreciation exceeds $1,230,000. Use Table 7-2. (Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar amount.) At the beginning of its 2019 tax year, Hiram owned the following business assets Accumulated Depreciation $17,936 63,368 57,316 Date Placed in Service Initial Recovery Depreciation Period Cost $46,250 89,000 80,500 Convention 7-year Half-year 5-year Halfyear 5-year Halfyear Furniture 6/19/17 Equipment Machinery 5/2/16 9/30/16 On July 8, Hiram sold its equipment. On August 18, it purchased and placed in service new tools costing $612,000; these tools are three-year recovery property. These were Hiram's only capital transactions for the year. Compute Hiram's maximum cost recovery deduction for 2019. In making your computation, assume that taxable income before depreciation exceeds $1,230,000. Use Table 7-2. (Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar amount.) 2019 MACRS Depreciation Furniture Equipment Machinery Total MACRS Depreciation Section 179/bonus on new tools Total 2019 cost recovery At the beginning of its 2019 tax year, Hiram owned the following business assets: Date Placed in Service 6/19/17 5/2/16 9/30/16 Initial Cost $46,250 9,000 80,500 Accumulated Recovery Depreciation Period Depreciation $17,936 Convention 7-year Half-year Halfyear 5-ar 5-year Halfyear Furniture Equipment Machinery 63,368 57,316 On July 8, Hiram sold its equipment. On August 18, it purchased and placed in service new tools costing $612,000; these tools are three-year recovery property. These were Hiram's only capital transactions for the year. Compute Hiram's maximum cost recovery deduction for 2019. In ma king your computation, assume that taxable income before depreciation exceeds $1,230,000. Use Table 7-2. (Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar amount.) At the beginning of its 2019 tax year, Hiram owned the following business assets Accumulated Depreciation $17,936 63,368 57,316 Date Placed in Service Initial Recovery Depreciation Period Cost $46,250 89,000 80,500 Convention 7-year Half-year 5-year Halfyear 5-year Halfyear Furniture 6/19/17 Equipment Machinery 5/2/16 9/30/16 On July 8, Hiram sold its equipment. On August 18, it purchased and placed in service new tools costing $612,000; these tools are three-year recovery property. These were Hiram's only capital transactions for the year. Compute Hiram's maximum cost recovery deduction for 2019. In making your computation, assume that taxable income before depreciation exceeds $1,230,000. Use Table 7-2. (Enter all amounts as positive values. Round your intermediate computations and final answers to the nearest whole dollar amount.) 2019 MACRS Depreciation Furniture Equipment Machinery Total MACRS Depreciation Section 179/bonus on new tools Total 2019 cost recovery