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Required information [The following information applies to the questions displayed below) Burbank Corporation (calendar-year-end) acquired the following property this year:(Use MACRS Table 1. Table 2

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Required information [The following information applies to the questions displayed below) Burbank Corporation (calendar-year-end) acquired the following property this year:(Use MACRS Table 1. Table 2 and Exhibit 10-10.) (Round your answer to the nearest whole dollar amount.) Asset Used copier New computer equipment Furniture New delivery truck Luxury auto Total Placed in Service Basis November 12 S 10,000 June 6 16,200 July 15 34,200 October 28 21,200 January 31 72,200 $153,800 Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in exchange for stock a. Assuming no bonus or 5179 expense, what is Burbank's maximum cost recovery deduction for this year? Maximum cost recovery deduction b. Assuming Burbank would like to maximize its cost recovery deductions by claiming bonus and $179 expense, which assets should Burbank immediately expense? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? Used Copler New Computer Equipment 2 Furniture New Delivery Truck 2 Luxury Auto Burhany Corneration calendar-vear-end acquired the following property this year:(Use MACRS Table 1. Table 2 and c. What is Burbank's maximum cost recovery deduction this year assuming it elects 5179 expense and claims bonus depreciation? Maximum cost recovery deduction

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