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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) (Round your answer to the nearest whole dollar

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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) (Round your answer to the nearest whole dollar amount.) Placed in Service Basis Asset November 12 8,200 14,400 32, 400 | 19,400 70,400 Used copier New computer equipment June 6 July 15 Furniture New delivery truck Luxury auto October 28 January 31 $144,800 Total Burbank acquired the copier in a nontaxable transaction when the shareholder contributed the copier to the business in exchange for stock. a. Assuming no bonus or $179 expense, what is Burbank's maximum cost recovery deduction for this year? Maximum cost recovery deduction 10:36 1855-723-6786 Burbank Corporation (calendar-year-end) acquired the following property this year(Use MACRS Table 1, Table 2 and Exhibit 10-10) (Round your answer to the nearest whole dollar amount.) Placed in Service Basis Asset November 12 8,200 14,400 32, 400 | 19,400 70,400 Used copier New computer equipment June 6 July 15 Furniture New delivery truck Luxury auto October 28 January 31 $144,800 Total Burbank acquired the copier in a nontaxable transaction when the shareholder contributed the copier to the business in exchange for stock. a. Assuming no bonus or $179 expense, what is Burbank's maximum cost recovery deduction for this year? Maximum cost recovery deduction 10:36 1855-723-6786

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