Required informatio [The following information applies to the questions displayed below.] Back in Boston, Steve has been busy creating and managing his new company, Teton Mountaineering (TM), which is based out of a small town in Wyoming. In the process of doing so, TM has acquired various types of assets. Below is a list of assets acquired during 2016: Exhibit 10-8 (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Rounc intermediate calculations and final answer to the nearest whole dollar amount.) Date Placed Cost in Service $10,000 02/03/2016 560,000 07/22/2016 Used delivery truck* 15,000 08/17/2016 Asset Office furniture Machinery *Not considered a luxury automobile, thus not subject to the luxury automobile limitations During 2016, TM had huge success (and had no 179 limitations) and Steve acquired more assets the next year to increase its production capacity. These are the assets acquired during 2017 Date Placed in Service Computers & info. system 40,000 03/31/2017 80,000 05/26/2017 475,000 08/15/2017 400,000 11/13/2017 Asset Cost Luxury auto Assembly equipment Storage building Used 100% for business purposes TM generated taxable income in 2017 of $732,500 for purposes of computing the $179 expense