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Problem 2-63 (LO 2-2, LO 2-3) (Static) [The following information applies to the questions displayed below.] Assume that Sivart Corporation has 2022 taxable income of
Problem 2-63 (LO 2-2, LO 2-3) (Static) [The following information applies to the questions displayed below.] Assume that Sivart Corporation has 2022 taxable income of $1,750,000 for purposes of computing the $179 expense and acquired several assets during the year. Assume the delivery truck does not qualify for bonus depreciation. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Problem 2-63 Part a (Static) a. What is the maximum amount of 179 expense Sivart may deduct for 2022? b. What is the maximum total depreciation ( $179, bonus, MACRS) that Sivart may deduct in 2022 on the assets it placed in service in 2022
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