Boxer LLC has acquired various types of assets recently used 100 in its trade or business Below is a list of assets acquired during 2015 and 2016 Asset Cost Basis Convention Date Placed in Service Machinery 25,000 Half year January 24, 2015 Warehouse 800,000 Mid month August 1, 2015 Furniture 100,000 October 5, 2016 Computer equipment 65,000 October 10, 2016 Office equipment 34,000 September 28, 2016 Automobile 35,000 July 15, 2016 Office building 800,000 September 24, 2016 Boxer did not elect 179 expense and elected out of bonus depreciation in 2015, but would like to elect 179 expense for 2016 (assume that taxable income is sufficient) Calculate Boxer's maximum depreciation expense for 2016, rounded to the nearest whole number (ignore bonus depreciation for 2016) If necessary, use the 2015 luxury automobile limitation amount for 2016 Please show all steps on how you got your answer so it's easier to understand

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Boxer LLC has acquired various types of assets recently used 100% in its trade or business. Below is a list of assets acquired during 2015

Boxer LLC has acquired various types of assets recently used 100% in its trade or business. Below is a list of assets acquired during 2015 and 2016:

Asset	Cost Basis	Convention	Date Placed in Service
Machinery	25,000	Half year	January 24, 2015
Warehouse	800,000	Mid month	August 1, 2015
Furniture	100,000		October 5, 2016
Computer equipment	65,000		October 10, 2016
Office equipment	34,000		September 28, 2016
Automobile	35,000		July 15, 2016
Office building	800,000		September 24, 2016

Boxer did not elect 179 expense and elected out of bonus depreciation in 2015, but would like to elect 179 expense for 2016 (assume that taxable income is sufficient). Calculate Boxer's maximum depreciation expense for 2016, rounded to the nearest whole number (ignore bonus depreciation for 2016). If necessary, use the 2015 luxury automobile limitation amount for 2016. Please show all steps on how you got your answer so it's easier to understand.