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Dubnyk Corporation, a calendar year, accrual method C corporation, purchased and placed in service the following new assets on the following dates: Date 3/20/2019 4/17/2019

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Dubnyk Corporation, a calendar year, accrual method C corporation, purchased and placed in service the following new assets on the following dates: Date 3/20/2019 4/17/2019 10/5/2019 9/14/2019 Asset Computers Office furniture Gen, manufacturing equipment Manufacturing building Cost $300,000 $800,000 $1,700,000 $2,500,000 Dubnyk Corporation purchased no other assets during 2019 and its net income for 2019 is $10,000,000 before taking cost recovery deductions into account. a) What is the maximum federal cost recovery deduction Dubnyk Corporation may take in 2019 assuming the company elects $179 expense and elects out of bonus depreciation? Please show your work and explain your calculations. b) What is the federal cost recovery deduction Dubnyk Comoration may take in 2020 on the computers asset? (NOTE: You do not need to calculate the federal cost recovery deduction on the other assets placed in 2020). Please show your work and explain your calculations. c) What is Dubnyk Corporation's adjusted basis in the computers at the end of 2020? (NOTE: You do not need to calculate adjusted basis on the other assets as of the end of 2020). Please show your work and explain your calculations d) d. how would your answer to question 2 a) above change if Dubnyk Corporation does NOT elect out of bonus depreciation in 2019? That is, what is the maximum federal cost recovery deduction Dubnyk Corporation may take in 2019 assuming the company elects $179 expense and does NOT elects out of bonus depreciation? Please show your work and explain your calculations Dubnyk Corporation, a calendar year, accrual method C corporation, purchased and placed in service the following new assets on the following dates: Date 3/20/2019 4/17/2019 10/5/2019 9/14/2019 Asset Computers Office furniture Gen, manufacturing equipment Manufacturing building Cost $300,000 $800,000 $1,700,000 $2,500,000 Dubnyk Corporation purchased no other assets during 2019 and its net income for 2019 is $10,000,000 before taking cost recovery deductions into account. a) What is the maximum federal cost recovery deduction Dubnyk Corporation may take in 2019 assuming the company elects $179 expense and elects out of bonus depreciation? Please show your work and explain your calculations. b) What is the federal cost recovery deduction Dubnyk Comoration may take in 2020 on the computers asset? (NOTE: You do not need to calculate the federal cost recovery deduction on the other assets placed in 2020). Please show your work and explain your calculations. c) What is Dubnyk Corporation's adjusted basis in the computers at the end of 2020? (NOTE: You do not need to calculate adjusted basis on the other assets as of the end of 2020). Please show your work and explain your calculations d) d. how would your answer to question 2 a) above change if Dubnyk Corporation does NOT elect out of bonus depreciation in 2019? That is, what is the maximum federal cost recovery deduction Dubnyk Corporation may take in 2019 assuming the company elects $179 expense and does NOT elects out of bonus depreciation? Please show your work and explain your calculations

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