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! Required information [ The following information applies to the questions displayed below. ] Burbank Corporation ( calendar - year - end ) acquired the
Required information
The following information applies to the questions displayed below.
Burbank Corporation calendaryearend acquired the following property this year: Use MACRS Table Table and
Exhibit
Burbank acquired the copier in a taxdeferred transaction when the shareholder contributed the copier to the business in
exchange for stock.
Note: Round your answer to the nearest whole dollar amount.
c What is Burbank's maximum cost recovery deduction this year assuming it elects expense and claims bonus depreciation?
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