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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
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. office equipment Asset Manufacturing equipment Placed in Service August 14 April 15 June 1 Basis $ 10,200 70,000 18,000 $ 98,200 Computer systes Total 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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