Problem #1 In 2020, Pasco Inc., a toy manufacturer and calendar year taxpayer, purchased and placed into service the following assets: Purchased Placed in Service Description Cost Salvage Value April 2020 Aug. 2020 Truck $95,000 $5,000 May 2020 July 2020 Factory $2,150,000, ($1,950,000 building/ $200,000 land) $75,000 July 2020 September 2020 $3,000 Computer Equipment Furniture & fixtures Sept. 2020 December 2020 $225,000 $3,000 For 2020, Pasco had business income of $153,000 from operations. A) Pasco elects the Section 179 deduction for 2020 and does not take additional bonus depreciation. Calculate Pasco Inc.'s MACRS depreciation deduction for all assets in 2020. The relevant depreciation schedules are attached (show all work). I Problem #1 In 2020, Pasco Inc., a toy manufacturer and calendar year taxpayer, purchased and placed into service the following assets: Purchased Placed in Service Description Cost Salvage Value April 2020 Aug. 2020 Truck $95,000 $5,000 May 2020 July 2020 Factory $2,150,000, ($1,950,000 building/ $200,000 land) $75,000 July 2020 September 2020 $3,000 Computer Equipment Furniture & fixtures Sept. 2020 December 2020 $225,000 $3,000 For 2020, Pasco had business income of $153,000 from operations. A) Pasco elects the Section 179 deduction for 2020 and does not take additional bonus depreciation. Calculate Pasco Inc.'s MACRS depreciation deduction for all assets in 2020. The relevant depreciation schedules are attached (show all work)