(Click the icon to view the MACRS half-year convention rates) Burch Corporation uses the calendar year as its tax year. It purchases and places into service $1.67 million of property during 2020 to use in its business i (Click the icon to view the assets.) Read the requirements Click the icon to view the MACRS straight line rates for 27 5-year property (Click the icon to view the MACRS mid-quarter convention rates for property placed in service in the second quarter.) (Click the icon to view the MACRS mid-quarter convention rates for property placed in service in the fourth quarter.) Total 2020 depreciation 183,852.35 b. What is Burch's total depreciation deduction for 2020 i Burch elects out of bonus depreciation and Burch claims Sec 179 expensing fo4S690,000 of the office furniture's cost and $350,000 of the office machinery's cost (Use MACRS rates to three decimal places X.XXX%. Round all amounts to the nearest dollar. Complete all input fields. Enter a "o" if no depreciation is allowed or if no Sec 179 expense is taken.) Total for all Furniture Machinery Building Assets Sec. 179 expensing 690,000 MACRS depreciation Total 2020 depreciation c. What is Burch's total depreciation deduction for 2020 Burch elects out of bonus depreciation and Burch claims Sec. 179 expensing for $670,000 of the office furniture's cost and $370,000 of the office machinery's cost. (Use MACRS rates to three decimal places X.XXX%. Round all amounts to the nearest dollar. Complete Input fields Enter a "0" if no depreciation is allowed or if no Sec 179 expense is Total 2020 depreciation c. What is Burch's total depreciation deduction for 2020 Burch elects out of bonus depreciation and Burch claims Sec. 179 expensing for $670,000 of the office furniture's cost and $370,000 of the office allowed or if no Sec 179 expense is machinery's cost. (Use MACRS rates to three decimal places, XXXX% Round all amounts to the nearest dollar. Complete all input fields, Enter a "0" if no depreciation taken) Total for all Furniture Machinery Building Assets Sec. 179 expensing MACRS depreciation Tatalanan dan rintinn Next total depreciation deduction for 2020 ir Burch elects out of bonus depreciation and Burch claims Sec. 179 expensing for $670,000 of the office furniture's cost and $370,000 of the office Use MACRS rates to three decimal places, X.XXX%. Round all amounts to the nearest dollar. Complete all input fields. Enter a "0" if no depreciation is allowed or if no Sec 179 expense is Total for all Assets Furniture Machinery Building ng tion ciation (Click the icon to view the MACRS half-year convention rates) Burch Corporation uses the calendar year as its tax year. It purchases and places into service $1.67 million of property during 2020 to use in its business i (Click the icon to view the assets.) Read the requirements Click the icon to view the MACRS straight line rates for 27 5-year property (Click the icon to view the MACRS mid-quarter convention rates for property placed in service in the second quarter.) (Click the icon to view the MACRS mid-quarter convention rates for property placed in service in the fourth quarter.) Total 2020 depreciation 183,852.35 b. What is Burch's total depreciation deduction for 2020 i Burch elects out of bonus depreciation and Burch claims Sec 179 expensing fo4S690,000 of the office furniture's cost and $350,000 of the office machinery's cost (Use MACRS rates to three decimal places X.XXX%. Round all amounts to the nearest dollar. Complete all input fields. Enter a "o" if no depreciation is allowed or if no Sec 179 expense is taken.) Total for all Furniture Machinery Building Assets Sec. 179 expensing 690,000 MACRS depreciation Total 2020 depreciation c. What is Burch's total depreciation deduction for 2020 Burch elects out of bonus depreciation and Burch claims Sec. 179 expensing for $670,000 of the office furniture's cost and $370,000 of the office machinery's cost. (Use MACRS rates to three decimal places X.XXX%. Round all amounts to the nearest dollar. Complete Input fields Enter a "0" if no depreciation is allowed or if no Sec 179 expense is Total 2020 depreciation c. What is Burch's total depreciation deduction for 2020 Burch elects out of bonus depreciation and Burch claims Sec. 179 expensing for $670,000 of the office furniture's cost and $370,000 of the office allowed or if no Sec 179 expense is machinery's cost. (Use MACRS rates to three decimal places, XXXX% Round all amounts to the nearest dollar. Complete all input fields, Enter a "0" if no depreciation taken) Total for all Furniture Machinery Building Assets Sec. 179 expensing MACRS depreciation Tatalanan dan rintinn Next total depreciation deduction for 2020 ir Burch elects out of bonus depreciation and Burch claims Sec. 179 expensing for $670,000 of the office furniture's cost and $370,000 of the office Use MACRS rates to three decimal places, X.XXX%. Round all amounts to the nearest dollar. Complete all input fields. Enter a "0" if no depreciation is allowed or if no Sec 179 expense is Total for all Assets Furniture Machinery Building ng tion ciation