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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

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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.) Asset Used copier New computer equipment Furniture New delivery truck Luxury auto Total Placed in Service November 12 June 6 July 15 October 28 January 31 Basis $ 7,880 14, eee 32,000 19, eee 79,00 $ 142, 8ee Burbank acquired the copler in a tax-deferred transaction when the shareholder contributed the copler to the business In exchange for stock. (Round your answer to the nearest whole dollar amount.) b. Assuming Burbank would like to maximize its cost recovery deductions by claiming bonus and 3179 expense, which assets should Burbank Immediately expense under $179? (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.) b. Assuming Burbank would like to maximize its cost recovery deductions by claiming bonus and 3179 expense, which assets should Burbank Immediately expense under $179? (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 Furniture New Delivery Truck Luxury Auto

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