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Burbank Corporation (calendar year-end) acquired the following property this year: (Use MACRS Table 1 ,Table 2 and Exhibit 10-10.) Used copier Asset New computer
Burbank Corporation (calendar year-end) acquired the following property this year: (Use MACRS Table 1 ,Table 2 and Exhibit 10-10.) Used copier Asset New computer equipment Furniture New delivery truck Luxury auto Total November 12 June 6 Placed in Service Basis $ 8,600 14,800 32,800 19,800 January 31 70,800 $ 146,800 July 15 October 28 Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in exchange for stock. (Round your answer to the nearest whole dollar amount.) Problem 10-69 Part b (Algo) b. Assuming Burbank would like to maximize its cost recovery deductions by claiming bonus and 179 expense, which assets should Burbank immediately expense? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Used Copler New Computer Equipment Furniture New Delivery Truck Luxury Auto
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