Burbank Corporation (calendar-year end) acquired the following property this year: Use (Table 1, Table 2,)

Asset	Placed in Service	Basis
Used copier	February 12	$	7,800
New computer equipment	June 6		14,000
Furniture	July 15		32,000
New delivery truck	October 28		19,000
Luxury auto	December 31		60,000
Total		$	132,800

a. Assuming no bonus or 179 expense, what is Burbanks maximum cost recovery deduction for this year?

b. Assuming Burbank would like to maximize its cost recovery deductions by electing bonus and 179 expense, which assets should Burbank immediately expense? Assume the 2014 179 expense limits and bonus depreciation are extended to this year. (Select all that apply.)

Used copier

New computer equipment

Furniture

New delivery truck

Luxury auto

c. What is Burbanks maximum cost recovery deduction this year assuming it elects 179 expense and bonus depreciation? Assume the 2014 179 expense limits and bonus depreciation are extended to this year