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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

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 Placed in Service Basis
Used copier November 12 $ 7,800
New computer equipment June 6 14,000
Furniture July 15 32,000
New delivery truck October 28 19,000
Luxury auto January 31 70,000
Total $ 142,800

Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in exchange for stock.

c. What is Burbanks maximum cost recovery deduction this year assuming it elects 179 expense and claims bonus depreciation?

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