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Part 1 of 21 Required information Problem 10-55 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below] Harris Corporation
Part 1 of 21 Required information Problem 10-55 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below] Harris Corporation is a technology start-up in its second year of operations. The company didn't purchase any assets this year but purchased the following assets in the prior year. 55 ints- 00:55:54 Skipped Print ferences Asset Office equipment Manufacturing equipment Computer system Placed in Service August 14 April 15 June 1 Total Basis $ 12,600 94,000 42,000 $ 148,600 Harris did not know depreciation was tax deductible until it hired an accountant this year and didn't claim any depreciation deduction in its first year of operation. (Use MACRS Table 1 and Table 2) Problem 10-55 Part a (Algo) a. What is the maximum amount of depreciation deduction Harris Corporation can deduct in its second year of operation? (Leave no answer blank. Enter zero if applicable.) Depreciation deduction
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