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Harris Corp. is a technology start-up currently in its second year of operations. The company didnt purchase any assets this year but purchased the following

Harris Corp. is a technology start-up currently in its second year of operations. The company didnt purchase any assets this year but purchased the following assets in the prior year:

Placed in
Asset Service Basis
Office equipment August 14 $ 12,200
Manufacturing equipment April 15 90,000
Computer system June 1 38,000
Total $ 140,200

Harris did not know depreciation was tax deductible until it hired an accountant this year and didnt claim any depreciation deduction in its first year of operation. (Use MACRS Table 1 and Table 2.)

a. What is the maximum amount of depreciation deduction Harris Corp. can deduct in its second year of operation?

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