Description 2021 Assets Office furniture Machinery 2022 Assets Used delivery truck Computers and Information System Luxury Auto Assembly Equipment Storage Building Total Cost Section 179 Expense MACRS Basis Current MACRS Depreciation Total Cost Recovery Deduction $ 280,000 $ 0 $ 280,000 $ 68,572 $ 68,572 1,586,000 0 536,000 131,266 131,266 66,000 0 66,000 21,120 21,120 426,000 0 426,000 85,200 85,200 86,500 0 86,500 10,200 10,200 1,330,000 1,080,000 250,000 35,725 1,115,725 800,000 0 800,000 2,568 2,568 $ 4,574,500 $ 1,080,000 $ 2,444,500 $ 354,651 $ 1,434,651